ORTIZ: Two-Year Anniversary Of Declining Real Wages For Americans

  • Job Creators Network president Alfredo Ortiz notes that this week marks the two-year anniversary of declining real wages for ordinary American workers due to ongoing high inflation. The latest consumer price index, released this week, shows prices grew 20% faster than wages over the last 12 months.
  • Ortiz says that the two-year decline in living standards for ordinary Americans proves once and for all that Democrats are America’s anti-worker party. Their easy fiscal and monetary policy, known as Modern Monetary Theory, has been wholly discredited by this prolonged erosion of the dollar’s value and workers’ quality of life.
  • Under the Biden administration’s plans, he notes, the total deficit would increase by $17 trillion over 10 years – more than the entire national debt held by the public before Covid-19.