Bank of America attributes the wage convergence to stronger hiring and job-switching among lower-income workers, while PNC says healthier labor market fundamentals are increasingly underpinning consumer spending.
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For years, the economy has looked K-shaped. There's new evidence that some of that divide is beginning to narrow.
Why it matters: A resilient labor market is chipping away at one dimension of the K-shaped economy, even as the wealth divide remains firmly intact.
"If this narrowing of the K is sustained, one explanation could be job growth broadening into more blue-collar sectors such as…
A look at BofA’s data shows the shape of the consumer economy is no longer a “K.” If we’re sticking with the alphabet theme, one…
The "K-shaped" investing theme is suffusing the investing world.
Surging profits have buoyed stock markets while increasing pressure on an already cranky public.
The K-shaped economy is as apparent than ever and isn't going away anytime soon, economists say.
The housing market reflects the K-shaped economy — a thriving upper class and everyone else stagnating or falling.
