{"id":1552545,"date":"2022-07-13T13:05:04","date_gmt":"2022-07-13T17:05:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1552545"},"modified":"2022-07-13T13:05:08","modified_gmt":"2022-07-13T17:05:08","slug":"american-workers-lost-a-jaw-dropping-amount-from-inflation-in-past-year-researcher","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/american-workers-lost-a-jaw-dropping-amount-from-inflation-in-past-year-researcher\/","title":{"rendered":"American Workers Lost a Jaw-Dropping Amount From Inflation in Past Year: Researcher"},"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\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famerican-workers-lost-a-jaw-dropping-amount-from-inflation-in-past-year-researcher%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1552545&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>American workers lost an average of $3,400 in yearly income\u00a0as a result of high <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a> in the past 18 months, according to a research fellow.<\/p>\n<p>A report released by the\u00a0Bureau of Labor Statistics found that the Consumer Price Index spiked 9.1 percent year-over-year last month, which is the highest level since 1981.<\/p>\n<p>E.J. Antoni, a research fellow at the Heritage Foundation, said that with the current level of inflation, American workers saw a\u00a0$3,400 yearly income decrease on average, while there was\u00a0a $6,800 decline for families in which both parents work<\/p>\n<p>\u201cThere are plenty of families that that\u2019s more than their food budget a year,\u201d Antoni told <a href=\"https:\/\/www.foxbusiness.com\/politics\/average-american-worker-lost-3400-annual-wages-under-biden-inflation\">Fox News<\/a> on Wednesday. \u201cI can\u2019t emphasize enough how much this is really crushing consumers.\u201d<\/p>\n<p>Inflation is \u201ctruly crushing the middle class and then the White House spokesperson says these garbage lines like \u2018the economy is in transition,\u2019\u201d he added. \u201cTransition in the same sense, I suppose, that an iceberg transitioned the Titanic into a submarine.\u201d<\/p>\n<p>Republicans and some economists have pinned the decades-high inflation on Biden\u2019s policies. And on Wednesday, they again targeted the president.<\/p>\n<p>\u201cOne year ago this week President Biden\u2019s reckless stimulus checks began flooding the economy, and we are seeing the result: Inflation is raging and getting worse, forcing massive paycuts for American families,\u201d House Ways and Means Committee Ranking Member Kevin Brady (R-Texas) said in a statement Wednesday.<\/p>\n<p>He was referring to the American Rescue Plan that was signed into law by Biden last year, which provided stimulus checks worth up to $1,400. Stimulus checks were also doled out in 2020 following the emergence of COVID-19. Both provisions were heavily supported by Democrat lawmakers.<\/p>\n<p> Biden\u2019s Response <\/p>\n<p>In response to the recent inflation report, President <a href=\"https:\/\/www.theepochtimes.com\/t-joe-biden\">Joe Biden<\/a> told reporters in Israel that \u201cwhile today\u2019s headline inflation reading is unacceptably high, it<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American workers lost an average of $3,400 in yearly income\u00a0as a result of high inflation in the past 18 months, according to a research fellow. A report released by the\u00a0Bureau of Labor Statistics found that the Consumer Price Index spiked 9.1 percent year-over-year last month, which is the highest level since 1981. E.J. Antoni, a [\u2026]<\/p>\n","protected":false},"author":58,"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-1552545","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\/1552545","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\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1552545"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1552545\/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=1552545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1552545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1552545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}