Lower-Income Workers Lead Wage Surge | San Antonio News

San Antonio News Today | 2 Min News | The Daily News Now! · Aug 6, 2026 · 1m

Lower-income workers are surging ahead in wage growth for the first time in 20 months, according to new Bank of America data — a surprising shift that could signal a changing labor market just before Friday’s official jobs report. The bank’s analysis, based on real-time deposit patterns, shows job growth accelerating to 2% annually in July, led by lower-income households whose after-tax wages jumped 5.2% — outpacing higher-income earners at 4.2%. Middle-income growth edged up to 4.3%, while ADP’s separate payroll report confirms private sector hiring rose 44K with pay up 4.4% year-over-year…