In Brief: Biden’s Great American Pay Cut
Inflation is rising. Wages are falling. Americans are suffering.
February’s jobs report was in some key ways a very good one — job growth across the nation accelerated and the country added 678,000 jobs. That said, we still remain more than one million short of where we were before COVID. Remember that when Joe Biden boasts — as he did in his SOTU — about having “created” 6.5 million jobs.
The Republican National Committee remembers, and put out a fact sheet highlighting some of the problems remaining in Biden’s economy. Here are several of the RNC’s bullet points:
February’s jobs report shows American workers are seeing a pay cut in the Biden economy, with wages not keeping up with Bidenflation.
Under Biden, inflation has soared to a 40 year high while real wages have fallen.
Along with wages remaining flat this month, nominal wage growth was revised down in January and December.
Experts concede “real wages have been declining” and are warning that “we have a bumpy road ahead … we have very little room to act.”
With gas prices at an eight-year high and only projected to go higher, the Biden administration refuses to unleash American energy.
Instead, Biden continues to push for trillions more in wasteful spending, which economists across the political spectrum agree will only fuel further inflation.
Republican-led states are the ones leading the economic recovery, with more jobs recovered and lower unemployment rates than Democrat-run states.
Each of those points is bolstered by plenty of research and then some about the dismal job Biden is doing as an economic steward. His only SOTU answer — mind-numbing though it was: “I think I have a better idea to fight inflation: Lower your costs.” He then pitched even more government spending, which is what got us into this mess to begin with. Let’s go, Brandon!
