Biden’s Wage Claims: Mostly Malarkey
President Joe Biden has been saying “wages are up” and rising “faster than inflation.”
“Even after accounting for rising prices, the typical American family has more money in their pockets than they did last year,” the president said Dec. 3.
Well, not so fast.
While weekly paychecks have indeed gotten larger since Biden became president, they have not kept pace with the rapid rise in prices of consumer goods and services during that time.
Monthly figures compiled by the Bureau of Labor Statistics show average weekly earnings for production and nonsupervisory employees — who...