Pay rises for low-wage U.S. workers gain speed, support recovery

April 2, 2015 3:11 PM

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Pay rises for low-wage U.S. workers gain speed, support recovery

WASHINGTON (Reuters) - America's lowest paid workers are getting bigger raises that are outpacing the gains of many of their better-off peers, a trend that suggests the benefits of U.S. economic growth are finally trickling down, boding well for the resilience of the upturn.

Employment data USJOB=ECI due on Friday is expected to confirm that rising path, underscored on Wednesday by McDonald's Corp (MCD.N) announcement that it planned to hike wages. Major retailers Wal-Mart Stores Inc. (WMT.N), TJ-Maxx and Target(TGT.N) have already announced pay rises.

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