IPFS News Link • Economy - Economics USA
Most Americans In Over 25 Years Suffer 'Real' Pay Cut Under Biden Admin; Fed Report Shows
• https://www.zerohedge.com, by Tyler DurdenHow 'vast'?
Well The Dallas Fed just issued a report showing that, rather shockingly, a majority of employed workers' real (inflation-adjusted) wages have failed to keep up with inflation in the past year.
For these workers, The Dallas Fed finds that the median decline in real wages is a little more than 8.5 percent...
All individuals to the left of the dashed line experienced wage growth that was less than the CPI inflation rate - that is 53.4% of all Americans.
And, taken together, these outcomes appear to be the most severe faced by employed workers over the past 25 years...
While this is all Putin's fault - or price-gouging retail gas station owners - we do note The Dallas Fed researchers conclusion perhaps explains why the Democrats face an uphill battle into the Midterms... "While the past 25 years have witnessed episodes that show either a greater incidence or larger magnitude of real wage declines, the current time period is unparalleled in terms of the challenge employed workers face."



