With roaring GDP growth and rising wages, the Fed has signaled that it will increase interests rates next month to tap the brakes and prevent uncontrolled inflation. But some economists say it should hold off to create a better chance for people's wages to go up.
Why it matters: For the last five decades, real U.S. household income for the bottom four quintiles has been flat or almost flat, as the graphic shows. The top group, however, has had sharply ascending real income growth. The flat wages are a bigger problem at the moment than the threat of inflation, these economists suggest.