The article discusses the notable wage growth observed among blue-collar workers during the first five months of President Donald J. Trump’s second term, reporting an increase of nearly two percent. This growth is described as the largest in almost six decades, which contrasts with the wage decline of 1.7% experienced during the early months of the Biden Administration, attributed to inflation exceeding earnings.

Treasury Secretary Scott Bessent pointed out that the current wage growth signifies a positive change in economic conditions for blue-collar workers, a demographic that has historically faced financial difficulties.

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