The Biden pay cut continues

Americans are getting a massive pay cut.

Not only was job creation weaker than expected, the jobs report confirmed that Bidenflation continues to massively outpace wage growth. Surging at 7.9%, higher consumer prices dramatically wiped out nominal wages gains of 5.6%. Unfortunately, Biden’s inflation tax is here to stay.

• Former Obama economic advisor Jason Furman: “This report is not consistent with where the Fed wants to be, where we should be, in terms of [inflation].”
• CNBC’s Rick Santelli: Inflation is hitting retirees right in the wallet, wages are being wiped out by Bidenflation.
• Economist Tyler Goodspeed: Americans are seeing a “compressed replay” of the 1970s on inflation under Biden.
• The Wall Street Journal's James Freeman: “Inflation is making workers poorer.”
• CNN’s Christine Romans: “Lowest income Americans feeling inflation more than the rest.”
• CNBC’s Stephanie Link: “We do have inflation, we have it everywhere.”

Even liberal economists agree we have the highest inflation in 40 years because of Joe Biden’s reckless spending, and that’s making all Americans poorer.