US Treasury Secretary Bessent declares end of K-shaped economy as lower earners see 5.5% wage growth

NewsFri, 14 Aug 2026 15:57:12 UTC2 hours ago
US Treasury Secretary Bessent declares end of K-shaped economy as lower earners see 5.5% wage growth

The shift towards equitable wage growth may reduce income disparity, but persistent wealth gaps highlight ongoing economic inequality challenges.

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