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It’s official: America’s real wages are up under Biden-Harris
The Hill ^ | 09/17/2024 | Michael Mandel

Posted on 09/17/2024 9:07:17 AM PDT by ChicagoConservative27

With inflation easing, the wages of working-class Americans are finally moving into the plus column. Average hourly pay for production and nonsupervisory workers — who make up four-fifths of employees — hit $30.27 in August, according to the latest report from the Bureau of Labor Statistics.

According to my organization’s analysis, working-class Americans’ wages, adjusted for inflation, have just edged higher than they were on Election Day, 2020. The average working-class American can now answer “Yes” to the question, “Are you better off now than you were under Donald Trump?”

That’s obviously important for political symbolism. But the milestone for real wages also explains a lot about why Americans have felt so badly oppressed by inflation up to now. The price of food and housing matters, but they matter more if price increases exceed wage gains.

Inflation-adjusted, or “real,” wages are an important measure of economic health because they summarize the balance between rising prices and rising pay.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Your Opinion/Questions
KEYWORDS: agitprop; alinskylies; americas; biden; economist; michaelmandel; minitru; official; realwages; thehill; theshill
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35 trillion in debt and interest payments at a trillion? Go blow.
1 posted on 09/17/2024 9:07:17 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

“Fun & Games with Statistics.” Let’s play.


2 posted on 09/17/2024 9:09:11 AM PDT by fwdude
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Michael Mandel is Vice President and Chief Economist at the Progressive Policy Institute in Washington DC and senior fellow at the Mack Institute for Innovation Management at the Wharton School (UPenn). He was chief economist at BusinessWeek prior to its purchase by Bloomberg.


3 posted on 09/17/2024 9:10:58 AM PDT by kiryandil (Kraft durch Freude! - The Kamunist and The Walzrus )
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To: ChicagoConservative27

In what alternate universe?


4 posted on 09/17/2024 9:11:35 AM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: fwdude
Michael Mandel is an "economist".

He's got zero skin in the game.

5 posted on 09/17/2024 9:11:37 AM PDT by kiryandil (Kraft durch Freude! - The Kamunist and The Walzrus )
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To: Army Air Corps

https://freerepublic.com/focus/news/4265393/posts?page=5#5


6 posted on 09/17/2024 9:11:58 AM PDT by kiryandil (Kraft durch Freude! - The Kamunist and The Walzrus )
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To: ChicagoConservative27

It’s official: The Hill spreads government propaganda.


7 posted on 09/17/2024 9:12:23 AM PDT by enumerated (81 million votes my ass)
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To: fwdude

8 posted on 09/17/2024 9:12:44 AM PDT by ken in texas
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To: ChicagoConservative27

full of $h!t as a Christmas turkey.


9 posted on 09/17/2024 9:12:54 AM PDT by BigFreakinToad (Remember the Biden Kitchen Fire of 2004)
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To: ChicagoConservative27

I call bull droppings.


10 posted on 09/17/2024 9:13:32 AM PDT by cableguymn (They don't want peace they want skeletons )
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To: ChicagoConservative27

Even if true (will it get revised down in a month) it still doesn’t equal the increase in EVERYTHING folks buy. They keep lying that inflation is down over last month. 🐂💨💩! We got a bag of ruffles yesterday at $4.99 for 13oz on sale. The price on the bag is $7.29. Yeah, kamelinin things are just great under your watch.


11 posted on 09/17/2024 9:13:50 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉! 🇮🇱👍!)
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To: ChicagoConservative27

If common sense prevails this should hold true. The problem is how many people are left with common sense?

Top 10 reasons Trump should win the election by a landslide, even with all the machine and ballot cheating the Dems use

#1. The economy, including inflation

#2. Illegal immigration is out of control

#3. Fake news is unraveling due to truths getting exposed: the Hunter Biden laptop, the Russia-Trump collusion hoax, Joe Biden’s dementia, plus of course Kamaflage Kamala’s lies during the debate and her non-answers to all the tough questions

#4. More Blacks and Hispanics trust Trump than the Biden/Harris regime

#5. The attempted assassination of Trump catapulted his patriotism and charisma

#6. The Green New Deal is becoming an obvious failure on many fronts

#7. The military and police are sick of endless wars and the defunding of forces (and the DEI and transgender push)

#8. Skyrocketing crime rates hitting close to home for so many, or happening to them or their loved ones

#9. Many Americans vote for a candidate that is “presidential” and has a policy plan outlined, and hardly a soul sees Kamala that way (that’s why she dropped out of the 2020 race first), who’s plan is to say anything people want to hear, then do the opposite

#10. Kamala hasn’t done any of the things over the past four years she claims she’s going to do if elected


12 posted on 09/17/2024 9:14:31 AM PDT by Saintgermain ( )
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To: ChicagoConservative27

Trump offers tax reforms, and the ‘Rats offer hypnotherapy.

We’ll see what works.


13 posted on 09/17/2024 9:14:44 AM PDT by Empire_of_Liberty
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To: kiryandil
Dork looks like Pete Buttagag's father.

14 posted on 09/17/2024 9:15:38 AM PDT by Governor Dinwiddie (LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
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To: fwdude

15 posted on 09/17/2024 9:16:33 AM PDT by metmom (He who testifies to these things says, “Surely I am coming soon.” Amen. Come, Lord Jesus”)
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To: ChicagoConservative27

Lies
Damnable lies
Statistics
Liberal talking points


16 posted on 09/17/2024 9:16:49 AM PDT by Mr. K (No consequence of repealing Obamacare is worse than Obamacare)
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To: Governor Dinwiddie

Pete Buttgiggity’s father and Howdy Doody had children...


17 posted on 09/17/2024 9:17:27 AM PDT by kiryandil (Kraft durch Freude! - The Kamunist and The Walzrus )
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To: ChicagoConservative27

Been out of work for over a year. Can’t even get an interview for a job paying anything close to what I was making. Absolute bs


18 posted on 09/17/2024 9:17:36 AM PDT by HamiltonJay
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To: ChicagoConservative27

Is this before the obligatory “downward revision”?


19 posted on 09/17/2024 9:18:36 AM PDT by Repealthe17thAmendment
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To: ChicagoConservative27

Oh thank God, the Hill assures me that Happy Days are here again.

But even if the Schill twernt lying, are those wages keeping up with inflation?

What am I saying, I’m sure the by tomorrow the Hill will have a story about how your seeing things at the grocery store.


20 posted on 09/17/2024 9:18:49 AM PDT by FlipWilson
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