A decade ago, low-income workers saw wages grow at the highest rate of any Americans. Now, the opposite is true, and the gap is widening between how quickly wages increase for wealthy and poorer U.S. households.

In a Monday blog post titled “K-shaped economy,” Apollo chief economist Torsten Slok warned the growing disparity is yet another sign of today’s economy continuing to serve the rich, while poor Americans continue to struggle.

“Before and during the pandemic, lower-income households experienced higher wage growth than other income groups,” he said. “But that has changed over the past year. Today, wage growth for low-income workers is significantly lower than wage growth for middle- and high-income workers.”

Slok cited data from the Federal Reserve Bank of Atlanta indicating t

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