The great American pay cut

The jobs report shows that Bidenflation continues to hand American workers a massive pay cut.

In February, nominal wages increased by 5.1% year over year. How does that compare to inflation?

The consumer price index has been above 5.1% since June, and spiked by 7.5% since January 2021 – a 40 year high. That means that real wages have GONE DOWN because of Biden’s reckless agenda. His inflation tax is costing the average American family up to $385 per month.

As CNBC’s Jim Cramer notes, Bidenflation is “through the roof” and is “not transitory.” Economists left, right, and center agree that’s bad news for the economy.

• Georgetown Professor Nada Eissa warns that “we have a bumpy road ahead...we have very little room to act” because of Biden’s wasteful spending.
• Former Obama economic advisor Austan Goolsbee agrees, saying consumers are in for a “rough patch” from inflation and shortages.

Biden promised to put American workers first. Instead he’s handing them a massive pay cut.