Chris Yucus/NewsTribune via AP

Usual weekly earnings for workers at the lowest 10% of the pay scale rose by 3.2% in the second quarter from a year earlier, faster than at any point since the start of the recovery and faster than pay gains in the middle and top of the income spectrum, per the Wall Street Journal.

Why it's happening now: The unemployment rate continued to decline over the past year, from 4.9% to 4.4%, but it fell even faster for low-income workers, from 7.5% to 6.4%. Another factor is likely higher minimum wages across the country, as wage floors have increased in 19 states since the beginning of the year.

A welcome change: The bottom 10% of earners have only risen 12.5% since 2009, which hasn't been enough to keep up with inflation. Wages for the top 10% of earners, on the other hand, have gone up nearly 20% during that period.

Go deeper

Ina Fried, author of Login
24 mins ago - Technology

Amazon wants to flood America with Alexa cameras and microphones

Photo: Amazon

In a Thursday event unveiling a slew of new home devices ahead of the holidays, Amazon made clearer than ever its determination to flood America with cameras, microphones and the voice of Alexa, its AI assistant.

The big picture: Updating popular products and expanding its range to car alarms and in-home drones, Amazon extended its lead in smart home devices and moved into new areas including cloud gaming and car security. The new offerings will also fuel criticism that the tech giant is helping equip a society built around surveillance.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Oil's turbulent long-term future

Illustration: Aïda Amer/Axios

The oil sector is facing risks from all sides.

Why it matters: Risk in the industry is nothing new. But these are especially turbulent and uncertain times. The industry's market clout has waned, the future of demand is kind of a mystery, and future U.S. policy is too, just to name three.

Meadows on Wray's voter fraud dismissal: "He has a hard time finding emails in his own FBI"

White House chief of staff Mark Meadows dismissed FBI Director Chris Wray's testimony that the U.S. has never historically seen evidence of widespread voter fraud, including by mail, during an appearance on "CBS This Morning" on Friday.

Why it matters: Meadows' statement highlights the Trump administration's strategy to sow doubt in November's election results by challenging the legitimacy of mail-in ballots, which are expected to skew heavily in Democrats' favor.

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