The Bureau of Labor Statistics says real average hourly earnings have fallen 3.16% during the Biden Presidency
WSJ editorial. Excerpts:
"in Chicago on Wednesday Mr. Biden touted all the new construction going on from the spending that Democrats passed in the last Congress. And there’s no denying that when you spend literally hundreds of billions of dollars to subsidize certain industries, you can get new plants."
"In 1982-84 dollars, which takes account of inflation, average hourly earnings were $11.39 when Mr. Biden took office but started to decline immediately and didn’t stop falling until inflation peaked in June 2022. They have bounced up a little but were still back only to $11.03 in May. That’s a 3.16% decline in real earnings for the average worker across the 29 months of the Biden Presidency."
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