Bidenflation Has Erased ALL Worker Wage Gains Earned During Trump Era

Bidenflation has erased all the wage gains that U.S. workers made during the Trump era, according to the latest statistics.

While the disastrous Biden administration tried to claim credit for a .4 percent rise in wages in October, what Biden didn’t tell voters is that inflation rose .9 percent during the same period, erasing those gains and more.

Peer CNBC:

The Labor Department reported Friday that average hourly earnings increased 0.4% in October, about in line with estimates. That was the good news.

However, the department reported Wednesday that top-line inflation for the month increased 0.9%, far more than what had been expected. That was the bad news – very bad news, in fact.

That’s because it meant that all told, real average hourly earnings when accounting for inflation, actually decreased 0.5% for the month. So an apparent solid paycheck increase actually turned into a decrease, and another setback for workers still struggling to shake off the effects of the Covid pandemic.

“For now, inflation is going to continue to run above very solid wage growth,” CNBC wrote that Joseph LaVorgna, chief economist for the Americas at Natixis and former chief economist for the National Economic Council during the Trump administration, told them. “This is why when you look at consumer confidence, it’s really taking a beating. Households do not like the inflation story, and rightly so.’

Biden is laying waste to our entire country.

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