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November 12, 2021 | Rapid Response | RNC Communications
Economy

Biden's wage delusion

Rapid Response

Biden keeps lying about wages.

Biden’s fiction: In the past month, Biden has parroted his false claim that “wages are up” and growing “faster than inflation.”

  • October 21: ”Wages are actually up.”
  • October 31: “Worker pay has actually gone up.”
  • November 2: “Wages have gone up faster than inflation.”
  • November 5: "Working Americans are seeing their paychecks go up."
  • November 10: “Everything from a gallon of gas to a loaf of bread costs more, and it’s worrisome even though wages are going up.”
    • Biden falsely claimed three times on Wednesday that “wages are up.”

The Facts: Inflation has completely wiped out nominal wage gains, with real wages GOING DOWN. According to the Labor Department, real average hourly earnings decreased 1.2% from last October, and real average weekly earnings decreased 1.6%.

The fact wages are decreasing is obvious to anyone paying attention:

  • CBS News: “Costs are continuing to rise at a faster pace than hourly earnings.”
  • NBC News: “Americans hourly wages now declining 1.2%.”
  • Former Obama official Steve Rattner: “Americans’ wages are actually going down at the moment in real terms after inflation.”

And because Biden is either lying or extremely confused, here are some handy charts that might clear things up for him.

From CNBC: “Inflation has taken away all the wage gains for workers and then some”

 

 

 

From The Washington Post: “inflation cancels out any gains”

 

 

Compounding Biden’s political problem, a new Morning Consult poll shows 62% of voters hold Biden’s policies as “responsible” for inflation, and according to a Harvard-Harris poll, 58% oppose his "Build Back Broke" agenda with 56% saying it will make inflation even worse.

Biden’s policies are failing. Real wages are going down under Bidenflation. But Biden is still refusing to recognize that a problem even exists. The American people can’t trust him.