Wage trends refer to the patterns and changes in earnings over time within a specific industry or across the economy. These trends can be influenced by various factors, including inflation, labor demand, and economic growth. For example, during periods of low unemployment, wages often rise as employers compete for workers. In recent years, many countries have observed a shift towards higher minimum wages, driven by movements advocating for fair pay. Additionally, the rise of technology and automation has impacted wage structures, with some sectors experiencing wage stagnation while others see significant increases, particularly in technology and healthcare fields.