Trump administration says blue-collar wages rising fastest in more than 50 years

The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump's term began in January.Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7% in the past five months.That gain represents the largest increase in pay for blue-collar workers under any administration dating back to 1968. It's also larger than the boost seen by such workers at the start of Trump's first term.TREASURY SECRETARY BESSENT: ‘I’M NOT WORRIED ABOUT INFLATION' FROM TARIFFSThey also noted that the year-to-date gain is more than twice as large as the previous record set during the year Richard Nixon was elected. Officials attributed the gain in blue-collar wages to the impact of falling inflation, which has boosted take-home pay and, in turn, their living standards.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe administration also believes that the passage of the Republican tax cut package, referred to as the "One Big, Beautiful Bill," will help reduce inflation while speeding up wage gains like what occurred during Trump's first term. Weiter zum vollständigen Artikel bei FOX Business Weiter zum vollständigen Artikel bei FOX Business