Bessent points to Treasury data showing a 2% real wage gain for the bottom quartile of workers, with potential ripple effects across risk assets including cryptoTreasury Secretary Scott Bessent says wage growth is outpacing inflation, particularly for lower-income and blue-collar workers under the Trump administration. Bessent pointed to Treasury data showing a 2% real wage gain for workers in the bottom 25% of earners based on 2025 metrics. Blue-collar workers specifically saw 1.7% wage growth in the first five months of Trump’s current term. The numbers behind the narrativeThe Atlanta Fed Wage Growth Tracker shows 3.6% growth for the lowest income quartile as of June 2026. After adjusting for inflation, that translates to a real wage increase of 0.3%.