• With annual consumer price inflation currently at 8.3%, compared to 1.4% in the month Biden was inaugurated, the average American wage earner has suffered a 5% cut in real pay since January 2021.
• That amounts to a wage decline of $2,726 a year for a full-time worker! Over the past year alone, wages have declined by 2.8%.
• That represents a sharp reversal from the last year of the Trump Administration, when real hourly pay grew by 3.8%.

Tagged: #Bidenflation