Joe Biden’s reign as President has led to massive inflation and a weakened economy. As a result, wages have sunk 2%.
According to The Daily Wire:
The Bureau of Labor Statistics found that “average hourly earnings” in the United States rose from $29.35 in June 2020 to $30.40 in June 2021 — a 3.6% increase. However, when factoring in inflation — specifically through the Consumer Price Index, which has risen by 5.3% since June 2020 — “real average hourly earnings” have diminished by 1.7% over the past year, despite a robust economic recovery during the same period.
For an American earning $50,000 per year, the agency’s findings imply the equivalent of an $850 cut in yearly wages.
The decline in real wages has been worsening for most of 2021. As of December, real average hourly earnings had risen year-over-year by 4.2%. In January, February, March, April, and May, the year-over-year rates declined to 3.8%, 3.4%, 1.6%, -1.7%, and -2.6% respectively, before improving to -1.7% in June.
Between January and June, the inflation rate nearly quadrupled from 1.4% to 5.3%. As Moody’s Investors Service vice president William Foster explained to CNBC: “Inflation is a tax. That’s the best way to think about it.”
Biden has brushed off concerns about inflation, which hits the working class hard, despite the reality growing ever more present.
The American working class is suffering and all because people were upset with the rhetoric coming from the White House just a year ago.
Biden’s a millionaire. We’re the ones who’ll suffer disasters. Don’t forget, the media are obedient servants to these tyrants. Hence, they’ll make that mumbling moron appear as a savior, while we’re going down the economic tubes.
Retard joe isn’t worried. China has his back
Biden is a CATHOLIC. All else is immaterial. R and D mean nothing…
Throughout history, all military and all other means of defense have been used to defend a nation. The reason for no defense is that a third of all elected are CATHOLIC “C” TRAITORS and keeping the borders open. Half call themselves r, half d.
They are ILLEGAL ALIEN CATHOLIC “C” INVADERS.
Vote for ANY CATHOLIC “C” and you vote for a traitor.
Vote for ANY CATHOLIC “C” TRAITOR and the borders will never be secured.
Your comment (copied almost verbatim from other columns) is complete baloney. The most significant lie that you state is that Biden is “Catholic” He likes to make that claim so that he can fool many Catholics who are too foolish and lazy to check out his claim. So intelligent people should ignore the rest of your crap with the CAPS LOCK on!
The numbers don’t lie. Joe’s not concerned, probably because he gets a cut of Hunters “art” sales. Inflation is a tax and Joe said he wouldn’t raise taxes except for the “rich” which I ain’t!
Just remember that Biden is CATHOLIC. Look south of the USA. Catholic is socialism. ALL CATHOLICS are socialists. Failure of a hundred nations, a thousand years of exactly 100% failure. Vote for ANY Catholic and you vote for a true history of perfect failure.
PLease delete my email address from your mailing list. Thank You