{"id":1511870,"date":"2022-06-12T01:20:03","date_gmt":"2022-06-12T05:20:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1511870"},"modified":"2022-06-12T01:20:15","modified_gmt":"2022-06-12T05:20:15","slug":"real-wages-have-declined-3-9-since-last-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/real-wages-have-declined-3-9-since-last-year\/","title":{"rendered":"Real Wages Have Declined 3.9% Since Last Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" 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mashshare.net - Version: 4.0.47--><p>    Real Wages Have Declined This Much Under Biden, New Data Show<br \/>\n    <meta \/><br \/>\n    <meta content=\"width=device-width, initial-scale=1.0\" \/>\n    <link rel=\"pingback\" href=\"https:\/\/www.based-politics.com\/xmlrpc.php\" \/>\n    <meta content=\"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1\" \/><\/p>\n<p>\t<meta content=\"Americans&#039; real wages have declined a significant amount over the last year under President Biden, new inflation data show.\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.based-politics.com\/2022\/06\/10\/real-wages-have-declined-this-much-under-biden-new-data-show\/\" \/>\n\t<meta content=\"en_US\" \/><br \/>\n\t<meta content=\"article\" \/><br \/>\n\t<meta content=\"Real Wages Have Declined This Much Under Biden, New Inflation Data Show\u00a0\" \/><br \/>\n\t<meta content=\"These new data destroy Biden&#039;s narrative about the economy.\" \/><br \/>\n\t<meta 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id=\"td-register-mob\" class=\"td-login-animation td-login-hide-mob\">\n<p><span>Welcome!<\/span>Register for an account<\/p>\n<\/p><\/div>\n<div id=\"td-forgot-pass-mob\" class=\"td-login-animation td-login-hide-mob\">\n<div class=\"td-forgot-pass-close\">\n\t                <a href=\"https:\/\/www.based-politics.com\/2022\/06\/10\/real-wages-have-declined-this-much-under-biden-new-data-show\/#\" aria-label=\"Back\" class=\"td-back-button\"><i class=\"td-icon-read-down\"><\/i><\/a><\/p>\n<p>Password recovery<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"td-outer-wrap\" class=\"td-theme-wrap\">\n<div id=\"tdb-autoload-article\" data-autoload=\"off\" data-autoload-org-post-id=\"4399\" data-autoload-type=\"\" data-autoload-count=\"5\">\n<div class=\"td-main-content-wrap td-container-wrap\">\n<div class=\"tdc-content-wrap\">\n<article id=\"template-id-2817\" class=\"post-2817 tdb_templates type-tdb_templates status-publish post\" itemscope itemtype=\"https:\/\/schema.org\/Article\">\n<div id=\"tdi_69\" class=\"tdc-zone\">\n<div class=\"tdc_zone tdi_70  wpb_row td-pb-row\">\n<div id=\"tdi_71\" class=\"tdc-row stretch_row_1400 td-stretch-content\">\n<div class=\"vc_row tdi_72  wpb_row td-pb-row\">\n<div class=\"vc_column tdi_74  wpb_column vc_column_container tdc-column td-pb-span12\">\n<div class=\"wpb_wrapper\">\n<div class=\"td_block_wrap tdb_single_subtitle tdi_76 td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_76\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p>These new data destroy Biden&#8217;s narrative about the economy. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"tdi_78\" class=\"tdc-row stretch_row_1400 td-stretch-content\">\n<div class=\"vc_row tdi_79  wpb_row td-pb-row\">\n<div class=\"vc_column tdi_81  wpb_column vc_column_container tdc-column td-pb-span9\">\n<div class=\"wpb_wrapper\">\n<div class=\"td_block_wrap tdb_single_featured_image tdi_82 tdb-content-horiz-left td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_82\">\n<div class=\"tdb-block-inner td-fix-index\">\n<figure><figcaption class=\"tdb-caption-text\">Image Credit | FEE Composite: Gaga Skidmore on Flickr, PixaBay | CC via 2.0 (https:\/\/creativecommons.org\/licenses\/by\/2.0\/)<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<div class=\"vc_row_inner tdi_85  vc_row vc_inner wpb_row td-pb-row\">\n<div class=\"vc_column_inner tdi_87  wpb_column vc_column_container tdc-inner-column td-pb-span12\">\n<div class=\"vc_column-inner\">\n<div class=\"wpb_wrapper\">\n<div class=\"td_block_wrap tdb_single_author tdi_88 td-pb-border-top td_block_template_1 tdb-post-meta\" data-td-block-uid=\"tdi_88\">\n<div class=\"tdb-block-inner td-fix-index\"><a class=\"tdb-author-photo\" href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" title=\"Brad Polumbo\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.based-politics.com\/wp-content\/uploads\/2022\/01\/brad-150x150.jpeg\" width=\"96\" height=\"96\" alt=\"Brad Polumbo\" class=\"avatar avatar-96 wp-user-avatar wp-user-avatar-96 alignnone photo\" \/><\/a><\/div>\n<\/div>\n<div class=\"td_block_wrap tdb_single_date tdi_89 td-pb-border-top td_block_template_1 tdb-post-meta\" data-td-block-uid=\"tdi_89\">\n<p><time class=\"entry-date updated td-module-date\" datetime=\"2022-06-10T12:32:01-04:00\">June 10, 2022<\/time><\/p>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"td_block_wrap tdb_single_content tdi_92 td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"tdi_92\">\n<div class=\"tdb-block-inner td-fix-index\">\n<p><span>President Biden keeps trying to put a politically favorable spin on our current economic turmoil. One of his favorite ways to do so is to claim that \u201cwages are rising\u201d\u2013but the latest inflation data just obliterated that spin.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BIDEN: &#8220;My plans have produced the strongest, fastest, most wide-spread economic recovery America has ever experienced\u2014with record jobs, record small busineses and wages rising.&#8221; <a href=\"https:\/\/t.co\/VDOzZ4AE5W\" class=\"stylish-link\">pic.twitter.com\/VDOzZ4AE5W<\/a><\/p>\n<p>\u2014 Breaking911 (@Breaking911) <a href=\"https:\/\/twitter.com\/Breaking911\/status\/1533891641781764097?ref_src=twsrc%5Etfw\" class=\"stylish-link\">June 6, 2022<\/a><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">With all the bright spots in our economy\u2014record job growth and higher wages\u2014too many families are struggling to keep up with the bills. Inflation is robbing them of the gains they might otherwise feel. <\/p>\n<p>I get it. That\u2019s why my top priority is getting prices under control.<\/p>\n<p>\u2014 Joe Biden (@JoeBiden) <a href=\"https:\/\/twitter.com\/JoeBiden\/status\/1502030787704672256?ref_src=twsrc%5Etfw\" class=\"stylish-link\">March 10, 2022<\/a><\/p>\n<\/blockquote>\n<p><span>The latest Consumer Price Index was just <\/span><a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" class=\"stylish-link\"><span>released<\/span><\/a><span>, and it showed average consumer prices rising 8.6% between May 2021 and May 2022. That\u2019s the highest figure recorded since December 1981!\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Inflation just hit a NEW 40-year high. <\/p>\n<p>Overall CPI: +8.6% since last year<br \/>Gas: +48.7% <br \/>Fuel Oil: +106.7%<br \/>Meat, Poultry, &#038; Fish: +13.1%<br \/>Milk: +15.9%<br \/>Eggs: +32.2%<br \/>Coffee: +15.3%<br \/>Used Cars: +16.1% <br \/>Airline Fares: +37.8%<br \/>Real Average Hourly Earnings: -3%<\/p>\n<p>\u2014 Jacki Kotkiewicz (@jackikotkiewicz) <a href=\"https:\/\/twitter.com\/jackikotkiewicz\/status\/1535240341787496450?ref_src=twsrc%5Etfw\" class=\"stylish-link\">June 10, 2022<\/a><\/p>\n<\/blockquote>\n<p><span>You\u2019ll see this top-line number everywhere, and it is indeed significant. But arguably more important is an additional aspect of the latest data release that shows how inflation is outstripping wages.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Real Wages = Real Pain (guess when it went south?) <a href=\"https:\/\/t.co\/ViKKQ29ud3\" class=\"stylish-link\">pic.twitter.com\/ViKKQ29ud3<\/a><\/p>\n<p>\u2014 Charles V Payne (@cvpayne) <a href=\"https:\/\/twitter.com\/cvpayne\/status\/1535251669528850432?ref_src=twsrc%5Etfw\" class=\"stylish-link\">June 10, 2022<\/a><\/p>\n<\/blockquote>\n<p><span>Remember, what matters is not nominal wages\u2013the number that shows up on your paycheck\u2013but what that paycheck can buy you. And thanks to this new release, we now know that <strong>real weekly earnings\u2013basically, wages factoring in inflation\u2013have declined 3.9% over the last year.\u00a0<\/strong><\/span><\/p>\n<p><span>That\u2019s right: wages are down, not up, and significantly so.\u00a0<\/span><\/p>\n<p><span>President Biden and his aides can keep <a href=\"https:\/\/www.washingtonexaminer.com\/restoring-america\/patriotism-unity\/heres-the-economic-data-biden-doesnt-want-you-to-see\" class=\"stylish-link\">trying to spin the current economic reality<\/a> and convince us that everything is alright. But <strong>Americans aren\u2019t clueless, especially when it comes to what\u2019s going on with their own wallets. <\/strong><\/span><\/p>\n<p><span>Mountains of data and real-world experience prove that real wages are in decline, despite the president\u2019s insistence otherwise.\u00a0<\/span><\/p>\n<h3><span><strong>WATCH: <a id=\"video-title\" class=\"yt-simple-endpoint style-scope ytd-grid-video-renderer stylish-link\" title=\"\ud83d\ude35 Libertarians React to &#039;Fat Liberation&#039; TikToks\" href=\"https:\/\/www.youtube.com\/watch?v=xFDIyKwCH6E&#038;t=2s\" aria-label=\"\ud83d\ude35 Libertarians React to &#039;Fat Liberation&#039; TikToks by Brad Polumbo 5 days ago 15 minutes 749 views\">\ud83d\ude35 Libertarians React to \u2018Fat Liberation\u2019 TikToks<\/a><\/strong><\/span><\/h3>\n<div class=\"epyt-video-wrapper\">\n<div id=\"_ytid_62282\" data-origwidth=\"696\" data-origheight=\"391\" data-facadesrc=\"https:\/\/www.youtube.com\/embed\/xFDIyKwCH6E?enablejsapi=1&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=1&#038;loop=0&#038;modestbranding=1&#038;rel=0&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;\" class=\"__youtube_prefs__ epyt-facade epyt-is-override  no-lazyload\" data-epautoplay=\"1\"><img decoding=\"async\" class=\"epyt-facade-poster\" alt=\"YouTube player\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/06\/maxresdefault-1.jpg\" \/><button class=\"epyt-facade-play\" aria-label=\"Play\"><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"vc_column tdi_95  wpb_column vc_column_container tdc-column td-pb-span3 td-is-sticky\">\n<div class=\"wpb_wrapper\">\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_98 tdm-content-horiz-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_98\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Sign up for Our Email List<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wpb_wrapper td_block_wrap vc_raw_html tdi_101\">\n<div class=\"td-fix-index\">\n<link href=\"\/\/cdn-images.mailchimp.com\/embedcode\/classic-10_7.css\" rel=\"stylesheet\" type=\"text\/css\" \/>\n<p>*By signing up for our email you consent to getting our emails directly in your inbox. These including our newsletter or other informational emails*<\/p><\/div>\n<\/div>\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_102 tdm-content-horiz-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_102\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Our Latest Podcast<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tdm_block td_block_wrap tdm_block_column_title tdi_106 tdm-content-horiz-left td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_106\">\n<div class=\"td-block-row\">\n<div class=\"td-block-span12 tdm-col\">\n<h3 class=\"tdm-title tdm-title-sm\">Related articles<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"tdi_113\" class=\"tdc-row stretch_row_1400 td-stretch-content\">\n<div class=\"vc_row tdi_114  wpb_row td-pb-row\">\n<div class=\"vc_column tdi_116  wpb_column vc_column_container tdc-column td-pb-span12\">\n<div class=\"wpb_wrapper\">\n<div class=\"tdb-author-box td_block_wrap tdb_single_author_box tdi_119 tdb-content-vert-center td-pb-border-top td_block_template_1\" data-td-block-uid=\"tdi_119\">\n<div class=\"tdb-block-inner td-fix-index\"><a href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" class=\"tdb-author-photo\" title=\"Brad Polumbo\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.based-politics.com\/wp-content\/uploads\/2022\/01\/brad-150x150.jpeg\" width=\"96\" height=\"96\" alt=\"Brad Polumbo\" class=\"avatar avatar-96 wp-user-avatar wp-user-avatar-96 alignnone photo\" \/><\/a><\/p>\n<div class=\"tdb-author-info\"><a href=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" class=\"tdb-author-name\">Brad Polumbo<\/a><\/p>\n<p>Brad Polumbo is a libertarian-conservative journalist and co-founder of Based Politics. His work has been cited by top lawmakers such as Senator Rand Paul, Senator Ted Cruz, Senator Pat Toomey, Congresswoman Nancy Mace, Congressman Thomas Massie, and former UN Ambassador Nikki Haley, as well as by prominent media personalities such as Jordan Peterson, Sean Hannity, Dave Rubin, Ben Shapiro, and Mark Levin. Brad has also testified before the US Senate, appeared on Fox News and Fox Business, and written for publications such as USA Today, National Review, Newsweek, and the Daily Beast. He hosts the Breaking Boundaries podcast and has a bachelor\u2019s degree in economics from the University of Massachusetts Amherst.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>                    <span class=\"td-page-meta\" itemprop=\"author\" itemscope itemtype=\"https:\/\/schema.org\/Person\"><meta itemprop=\"name\" content=\"Brad Polumbo\" \/><meta itemprop=\"url\" content=\"https:\/\/www.based-politics.com\/author\/brad-polumbo\/\" \/><\/span><meta itemprop=\"datePublished\" content=\"2022-06-10T12:32:01-04:00\" \/><meta itemprop=\"dateModified\" content=\"2022-06-10T12:32:01-04:00\" \/><meta itemscope itemprop=\"mainEntityOfPage\" itemtype=\"https:\/\/schema.org\/WebPage\" itemid=\"https:\/\/www.based-politics.com\/2022\/06\/10\/real-wages-have-declined-this-much-under-biden-new-data-show\/\" \/><span class=\"td-page-meta\" itemprop=\"publisher\" itemscope itemtype=\"https:\/\/schema.org\/Organization\"><span class=\"td-page-meta\" itemprop=\"logo\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"https:\/\/www.based-politics.com\/2022\/06\/10\/real-wages-have-declined-this-much-under-biden-new-data-show\/\" \/><\/span><meta itemprop=\"name\" content=\"Based Politics\" \/><\/span><meta itemprop=\"headline\" content=\"These new data destroy Biden&#039;s narrative about the economy.\" \/><span class=\"td-page-meta\" itemprop=\"image\" itemscope itemtype=\"https:\/\/schema.org\/ImageObject\"><meta itemprop=\"url\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/03\/biden-cash.png\" \/><meta itemprop=\"width\" content=\"1800\" \/><meta itemprop=\"height\" content=\"1012\" \/><\/span>                <\/article>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Real Wages Have Declined This Much Under Biden, New Data Show<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1511870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1511870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1511870"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1511870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1511870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1511870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1511870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}