Americans struggle with 24 straight months of effective pay cuts under Biden

[JGalt]

We're all slowly going broke. But I'm sure all this can fixed by getting the vaccine, fighting "systematic racism", and by buying an electric vehicle.

Helluva job, Joey!


"American workers have effectively taken a pay cut for 24 straight months as inflation consistently outpaces wage growth on President Biden’s watch, according to federal data.

Real average hourly earnings — a measure of wages after adjustments for inflation — have declined year-over-year for every month dating back to April 2021 — just a few months after Biden took office, according to data from the Bureau of Labor Statistics.

House Speaker Kevin McCarthy (R-Calif.) highlighted the alarming trend in a speech at the New York Stock Exchange on Monday — arguing the Biden administration of “reckless spending” that has exacerbated the economic toll on US households.

“Americans have received a pay cut for 24 consecutive months — the longest streak in American history — as inflation has persisted,” McCarthy said in the speech.

“In fact, since President Biden took office, families have lost the equivalent of $7,400 worth of income,” he added."

Americans struggle with 24 straight months of effective pay cuts under Biden

 

[Votto]

We're all slowly going broke. But I'm sure all this can fixed by getting the vaccine, fighting "systematic racism", and by buying an electric vehicle.

Helluva job, Joey!


"American workers have effectively taken a pay cut for 24 straight months as inflation consistently outpaces wage growth on President Biden’s watch, according to federal data.

Real average hourly earnings — a measure of wages after adjustments for inflation — have declined year-over-year for every month dating back to April 2021 — just a few months after Biden took office, according to data from the Bureau of Labor Statistics.

House Speaker Kevin McCarthy (R-Calif.) highlighted the alarming trend in a speech at the New York Stock Exchange on Monday — arguing the Biden administration of “reckless spending” that has exacerbated the economic toll on US households.

“Americans have received a pay cut for 24 consecutive months — the longest streak in American history — as inflation has persisted,” McCarthy said in the speech.

“In fact, since President Biden took office, families have lost the equivalent of $7,400 worth of income,” he added."

Americans struggle with 24 straight months of effective pay cuts under Biden

Racist

 

[1srelluc]

Maybe letting in another 5 million illegals will help.

 

[Votto]

Maybe letting in another 5 million illegals will help.

I think democrats need to stop passing inflation legislation

I mean, how much worse do they want inflation to go?

How about some anti-inflation legislation for a change?

 

[Harpy Eagle]

We're all slowly going broke.

Speak for yourself.

 

[JGalt]

I think democrats need to stop passing inflation legislation

I mean, how much worse do they want inflation to go?

How about some anti-inflation legislation for a change?

Careful there. Democrats might think deflation-legislation has something to do with slashing car tires.

 

[mak2]

Thank God Repubs took over congress, now we will do something about crime, the border and inflation. So uh, what has the Repubs accomplished so far?

 

[JGalt]

Speak for yourself.

Oh I know, Mr. Above It All. You're so "exempt" from everything because you voted for some unknown Lolbertarian wacko who has no policies to speak of.

Now you can sit on the fence and brag about how everything is so hunky-dory for you because you're not to blame for anything.

 

[Votto]

Careful there. Democrats might thing deflation-legislation might have something to do with slashing car tires.

Car tires are made from fossil fuels, thus evil and must be destroyed.

Climate denying racist, that is what you are.

 

[1srelluc]

Thank God Repubs took over congress, now we will do something about crime, the border and inflation. So uh, what has the Repubs accomplished so far?

Stalemate.....That also has the effect of causing poor dem policy to fester and grow.

Now the dems/neocons have to move Omnibus money around for Billions to Ukraine Friday.

 

[Harpy Eagle]

Oh I know, Mr. Above It All. You're so "exempt" from everything because you voted for some unknown Lolbertarian wacko who has no policies to speak of.

Now you can sit on the fence and brag about how everything is so hunky-dory for you because you're not to blame for anything.

When one does not tie their success to a particular political party being in the White House, they can thrive no matter who resides there.

I would tell you to give it a try, but we all know that will never happen.

 

[1srelluc]

Oh I know, Mr. Above It All. You're so "exempt" from everything because you voted for some unknown Lolbertarian wacko who has no policies to speak of.

Now you can sit on the fence and brag about how everything is so hunky-dory for you because you're not to blame for anything.

He's not on the fence, just another claimed libertarian shilling for the dems....It's what they do.

He has to be the most inconsequential poster on the board.

 

[Votto]

When one does not tie their success to a particular political party being in the White House, they can thrive no matter who resides there.

I would tell you to give it a try, but we all know that will never happen.

Both parties have been a tremendous success for Leftists, so I don't understand all the negativism

The US is basically a vassal sate to the communist Chinese.

 

[Harpy Eagle]

Both parties have been a tremendous success for Leftists, so I don't understand all the negativism

The US is basically a vassal sate to the communist Chinese.

Spoken like someone that has never left the borders of this country.

 

[Lisa558]

I think democrats need to stop passing inflation legislation

I mean, how much worse do they want inflation to go?

How about some anti-inflation legislation for a change?

They want it a lot worse. How else can they destroy the middle class and get people, in desperation, to accept socialism? When you can’t afford food, you accept things that you know you are wrong.

 

[BlueGin]

He's not on the fence, just another claimed libertarian shilling for the dems....It's what they do.

He has to be the most inconsequential poster on the board.

Ever notice how all of the lefties claim to be rich. Never welfare recipients.

 

[mak2]

Ever notice how all of the lefties claim to be rich. Never welfare recipients.

Reaiity 1.0 often looks much different than the RWNM alternate reality.

 

[BlueGin]

Reaiity 1.0 often looks much different than the RWNM alternate reality.

Doubtful. Lefties are just full of shit.

 

[Harpy Eagle]

Ever notice how all of the lefties claim to be rich. Never welfare recipients.

Can you give a few examples?

I know we have a lot of righties that claims to be multi millionaires but I have never seen anyone on the left make such a claim

 

[John Edgar Slow Horses]

We're all slowly going broke. But I'm sure all this can fixed by getting the vaccine, fighting "systematic racism", and by buying an electric vehicle.

Helluva job, Joey!


"American workers have effectively taken a pay cut for 24 straight months as inflation consistently outpaces wage growth on President Biden’s watch, according to federal data.

Real average hourly earnings — a measure of wages after adjustments for inflation — have declined year-over-year for every month dating back to April 2021 — just a few months after Biden took office, according to data from the Bureau of Labor Statistics.

House Speaker Kevin McCarthy (R-Calif.) highlighted the alarming trend in a speech at the New York Stock Exchange on Monday — arguing the Biden administration of “reckless spending” that has exacerbated the economic toll on US households.

“Americans have received a pay cut for 24 consecutive months — the longest streak in American history — as inflation has persisted,” McCarthy said in the speech.

“In fact, since President Biden took office, families have lost the equivalent of $7,400 worth of income,” he added."

Americans struggle with 24 straight months of effective pay cuts under Biden

It's an opinion, an inaccurate one.