It is. One example is this soft landing from the fix on inflation. It was supposed to be painful and raise unemployment but god damn Biden just keeps on adding jobs.
Yes, wages have been increasing faster than inflation in the United States, particularly since the pandemic:
- Wage growth vs inflation
In August 2024, wages grew by 4.6% while inflation was 2.5%, and inflation has not exceeded wage growth since January 2023.
- Wage growth since the pandemic
Since the start of the pandemic, average hourly earnings have increased 22.3%, while the Consumer Price Index has increased 20.8%.
- Did you know before the pandemic Trump lost 400,000 manufacturing jobs?