FACT: Wages rose higher than inflation from 2020 compared to 2023.

The national average wage index for 2023 was 66,621.80. In 2020 it was 55,628.60. That's an increase of 19.76%.

source: U.S. Social Security Administration
https://www.ssa.gov/oact/cola/AWI.html

The average Consumer Price Index for All Urban Consumers (CPI-U) in 2020 averaged 258.811. In 2023 it averaged 304.702. That's an increase of 17.73%

source: U.S. Department of Labor Bureau of Labor Statistics
https://www.usinflationcalculator.com/inflation/consumer-price-index-and-annual-percent-changes-from-1913-to-2008/

Top | New | Old

ElwoodBlues · M

Yep, and real wages are growing for the lower quintile of US workers. And they're growing FASTER under Biden than they did under Obama or Trump. For the first time in GENERATIONS, the lower half of workers are sharing in our economic growth!

There are more than 5,000,000 (FIVE MILLION) more people employed now than during the peak under Trump. Just read the graph.

And the number unemployed is historically low!

Inflation? The pandemic deflation was followed by worldwide inflation; that is now gone.

Add a comment...