Bidenomics hard at work: Pay is now declining

[airplanemechanic]

Not only are salaries NOT going up like the left wants you to believe, THEY ARE GOING DOWN. A full 48% of employers have reported that they have DECREASED salaries for positions at their company.

US salaries are falling. Employers say compensation is just 'resetting'

Salaries for new roles are stagnating – and in some cases, falling. Some employers may be looking to cut costs, but the lack of wage growth may be a matter of post-pandemic correction.

www.bbc.com

This is really bad and is setting this economy up for failure.

 

[John Edgar Slow Horses]

Rise in pay is ahead of inflation.

Why did you not include that?

 

[1srelluc]

Rise in pay is ahead of inflation.

Why did you not include that?

Then why were you leftists touting increases in pay?

Hell, even then the raises failed to keep-up with core inflation in any meaningful way.

Don't look now but your gaslight is broke.

 

[airplanemechanic]

Rise in pay is ahead of inflation.

Why did you not include that?

Because it's not. Inflation is up 18% since Biden took office. Food alone is up 34%. Wages are up 5% and falling fast.

 

[RhodyPatriot]

Not only are salaries NOT going up like the left wants you to believe, THEY ARE GOING DOWN. A full 48% of employers have reported that they have DECREASED salaries for positions at their company.

US salaries are falling. Employers say compensation is just 'resetting'

Salaries for new roles are stagnating – and in some cases, falling. Some employers may be looking to cut costs, but the lack of wage growth may be a matter of post-pandemic correction.

www.bbc.com

This is really bad and is setting this economy up for failure.

It's called "Re-imagining the economy".

 

[my2¢]

In many ways, what we're seeing is a correction. Wage growth is reverting to pre-pandemic levels of below 3%, says Bunker.

Good to read that things are getting back to normal,

 

[d0gbreath]

Not only are salaries NOT going up like the left wants you to believe, THEY ARE GOING DOWN. A full 48% of employers have reported that they have DECREASED salaries for positions at their company.

US salaries are falling. Employers say compensation is just 'resetting'

Salaries for new roles are stagnating – and in some cases, falling. Some employers may be looking to cut costs, but the lack of wage growth may be a matter of post-pandemic correction.

www.bbc.com

This is really bad and is setting this economy up for failure.

In two weeks you'll notice that I've been gone for half a month.

 

[John Edgar Slow Horses]

Because it's not. Inflation is up 18% since Biden took office. Food alone is up 34%. Wages are up 5% and falling fast.

Rise in pay is ahead of inflation.

Why did you not include that?

airplanemechanic said: Because it's not. Inflation is up 18% since Biden took office. Food alone is up 34%. Wages are up 5% and falling fast.

JESH: Yet it is. Pay raises have topped inflation and you know it. You are lying, placing almost four years of inflation against one year of better pay.

 

[task0778]

airplanemechanic said: Because it's not. Inflation is up 18% since Biden took office. Food alone is up 34%. Wages are up 5% and falling fast.

JESH: Yet it is. Pay raises have topped inflation and you know it. You are lying, placing almost four years of inflation against one year of better pay.

• Inflation spiked to the highest level in over 40 years. Despite recent moderation, consumer prices are up nearly 18% overall during Biden’s time. Gasoline is up 29%.
• Average weekly earnings haven’t kept pace with prices. After adjusting for inflation, “real” weekly earnings declined 3.4%.

Biden's Numbers, January 2024 Update - FactCheck.org

Our latest quarterly look at various statistical measures during Biden's presidency.

www.factcheck.org

Pay has not topped inflation under Biden.

 

[John Edgar Slow Horses]

• In January 2024, the inflation rate stood at 3.1 percent, while wages grew by five percent1.

 

[RhodyPatriot]

In two weeks you'll notice that I've been gone for half a month.

Nobody would ever, or will ever.