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But as college graduates' earnings rose even more quickly, the wage gap widened, not shrank.
They have built that assumption into their economic models, but they differ sharply on how quickly the wage pressure could resurface, an issue they will once again debate at their next meeting, on Tuesday.
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The statistics illustrate how quickly the minimum wage is drifting toward oblivion.
Proponents of the measure still argue for its passage because it would raise the wage more quickly than the state in initial years and add mandatory paid sick days.
That decision though isn't just about the trade conflict, but also about the quickly increasing wages of Chinese laborers, as well as political interference from Beijing.
Unfortunately, Bernie never understood governments have less control than they once did, because people and capital are completely fluid around the globe and his solutions would have only accelerated the problems: Quickly doubling the minimum wage will create greater incentives to replace low-skilled workers with technology.
Others, including Senator John D. Rockefeller IV of West Virginia, the top Democrat on the Senate Intelligence Committee, have made clear that they will seek to ensure that any inquiry takes the Bush administration to task for building what they call a flawed case that the United States needed to act quickly to wage war against Iraq.
Prices have been rising more quickly than wages for the whole of the current parliament, squeezing real incomes and threatening to put the brake on the recovery.
Clinton says it's a matter of fairness, since incomes for the wealthy have been rising quickly, but wages for the middle class have been stagnant.
Firms and households have cut back on pricier imports, and the British Retail Consortium says retail sales in London have bucked the gloomier national trend, thanks partly to tourists lured by a cheaper pound.Britain is more likely to avoid a nasty economic downturn if inflation fears fade quickly and wage claims remain muted.
The wage gap is real.
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CEO of Professional Science Editing for Scientists @ prosciediting.com