PAI: Averages can be deceiving | Vermont Business Magazine
Wed, 06/30/2021 - 5:27pm -- tim by Jack Hoffman, Public Assets Institute Vermont’s average annual wage rose to just over $54,000 last year. The increase, nearly 10 percent, was the largest since at least 1988. It’s nothing to celebrate, though. We aren’t really better off. The average went up last year because the COVID-19 pandemic took its biggest toll on low-wage jobs. If you ranked jobs from the lowest paying to the highest paying and divided them into three equal groups, you’d find there were almost 17 percent fewer jobs in the bottom group last year than there had been in 2019. J...