The chart has three lines showing Vanguard hires rates from January 2013 through October 2023 by income category. All three lines for lower-income earners (making less than $55,000 a year), middle-income earners (making $55,000 to $96,000 a year), and higher-income earners (making more than $96,000 a year) dip at the onset of the COVID-19-induced recession and then rebound through late 2022. In the final months of the period shown, wages rise for lower-income earners but fall for middle- and higher-income earners.