{
  "meta": {
    "slug": "the-k-shape",
    "name": "Bottom-Quartile Wage Growth vs. Inflation",
    "branded_name": "The K-Shape",
    "description": null,
    "source": "Computed from Federal Reserve Bank of Atlanta Wage Growth Tracker and U.S. Bureau of Labor Statistics Consumer Price Index",
    "source_credit": null,
    "source_url": "https://www.atlantafed.org/research-and-data/data/wage-growth-tracker",
    "frequency": "annual",
    "units": "percentage_points",
    "fred_series_id": null,
    "fred_edge_series_id": null,
    "bls_series_id": null,
    "series_id": null,
    "measurement_basis": null,
    "door": 4,
    "trend": "falling",
    "trend_suppressed": null,
    "series_breaks": [],
    "direction": "lower_is_worse",
    "last_updated": "2026-09-24T00:00:00Z",
    "stale": false,
    "stale_reason": null,
    "data_status": "current",
    "page_url": "https://americandefault.org/indicators/the-k-shape/",
    "attribution": "American Default (americandefault.org) — Our analysis is free to use with attribution to American Default Research. Source data stays under each publisher's terms; cite the source named here."
  },
  "current": {
    "value": 1.1,
    "date": "2025-12-31"
  },
  "last_verified": null,
  "data": [
    {
      "date": "2000-12-31",
      "value": 2.3
    },
    {
      "date": "2001-12-31",
      "value": 3.1
    },
    {
      "date": "2002-12-31",
      "value": 3.3
    },
    {
      "date": "2003-12-31",
      "value": 1.2
    },
    {
      "date": "2004-12-31",
      "value": 0.5
    },
    {
      "date": "2005-12-31",
      "value": 0.1
    },
    {
      "date": "2006-12-31",
      "value": 0.6
    },
    {
      "date": "2007-12-31",
      "value": 1.4
    },
    {
      "date": "2008-12-31",
      "value": 0.7
    },
    {
      "date": "2009-12-31",
      "value": 3.9
    },
    {
      "date": "2010-12-31",
      "value": 0.6
    },
    {
      "date": "2011-12-31",
      "value": -1.7
    },
    {
      "date": "2012-12-31",
      "value": -0.9
    },
    {
      "date": "2013-12-31",
      "value": -0.1
    },
    {
      "date": "2014-12-31",
      "value": 0.5
    },
    {
      "date": "2015-12-31",
      "value": 3.1
    },
    {
      "date": "2016-12-31",
      "value": 2.6
    },
    {
      "date": "2017-12-31",
      "value": 1.9
    },
    {
      "date": "2018-12-31",
      "value": 1.5
    },
    {
      "date": "2019-12-31",
      "value": 2.7
    },
    {
      "date": "2020-12-31",
      "value": 3.2
    },
    {
      "date": "2021-12-31",
      "value": -0.1
    },
    {
      "date": "2022-12-31",
      "value": -0.9
    },
    {
      "date": "2023-12-31",
      "value": 2.4
    },
    {
      "date": "2024-12-31",
      "value": 2.2
    },
    {
      "date": "2025-12-31",
      "value": 1.1
    }
  ]
}