It's very important to remember that "average weekly earnings" are composed of TWO elements: the wage itself, and the number of hours worked at that wage.
Using both factors, not merely the wage, things are a Giant Bowl of Not Good for US workers.
... CNSNews/MRCTV’s Craig Bannister reported June 13 on newly released data from the U.S. Bureau of Labor Statistics. As usual under the Biden presidency, it wasn’t good news. Based on the Bureau’s data, the real average weekly earnings for May 2023 went down, once inflation is factored in. That’s a straight 26 months of decrease....
... Real average hourly earnings increased a seasonally adjusted 0.2% from May 2022 to May 2023. But, since the average number of hours worked per week fell by 0.9%, real wages earned were 0.7% lower....
...Real average weekly earnings declined 0.1% from April to May of this year, Bannister noted. While real average hourly earnings did go up in terms of the numbers, he added that there was “a 0.3% decrease in the average number of hours” worked every week. Thus, overall, American workers lost money....
Yah, but but but what about Joe telling us that 'inflation is down', hey?
Compared to what, pal?
...“Everything costs more under Biden no matter how many times he tries to say it doesn’t,” MRCTV insisted. The graphic showed that the average inflation during the Trump presidency was only 1.9%, whereas, under Biden, average inflation is a whopping 6.4%....
Biden will be blowing foo-foo dust into your eyes every day until November of '24, when Trump will defeat him for the second time.
Eighty-one million votes, my ass!
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