{"id":1560257,"date":"2022-07-19T06:00:04","date_gmt":"2022-07-19T10:00:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1560257"},"modified":"2022-07-19T06:19:51","modified_gmt":"2022-07-19T10:19:51","slug":"heres-how-much-bidenflation-has-cost-the-average-worker","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-how-much-bidenflation-has-cost-the-average-worker\/","title":{"rendered":"Here\u2019s How Much Bidenflation Has Cost the Average Worker"},"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\">18<\/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>    Here&#8217;s How Much the Average Worker has Lost in Wages from Inflation Under Biden &#8211; Based Politics<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=\"This week we got\u00a0more astounding numbers\u00a0showing inflation continuing to surge out of control under President Joe Biden.\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.based-politics.com\/2022\/07\/17\/heres-how-much-the-average-worker-has-lost-in-wages-from-inflation-under-biden\/\" \/>\n\t<meta content=\"en_US\" \/><br \/>\n\t<meta content=\"article\" \/><br \/>\n\t<meta content=\"Here&#039;s How Much the Average Worker has Lost in Wages from Inflation Under Biden\" \/><br \/>\n\t<meta content=\"This week we 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href=\"https:\/\/www.based-politics.com\/wp-json\/oembed\/1.0\/embed?url=https%3A%2F%2Fwww.based-politics.com%2F2022%2F07%2F17%2Fheres-how-much-the-average-worker-has-lost-in-wages-from-inflation-under-biden%2F\" \/>\n<link rel=\"alternate\" type=\"text\/xml+oembed\" href=\"https:\/\/www.based-politics.com\/wp-json\/oembed\/1.0\/embed?url=https%3A%2F%2Fwww.based-politics.com%2F2022%2F07%2F17%2Fheres-how-much-the-average-worker-has-lost-in-wages-from-inflation-under-biden%2F&#038;format=xml\" \/>\n<p>          <meta content=\"wordpress-plugin\" \/><\/p>\n<div id=\"td-mobile-nav\">\n<div id=\"login-form-mobile\" class=\"td-register-section\">\n<div 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\/07\/17\/heres-how-much-the-average-worker-has-lost-in-wages-from-inflation-under-biden\/#\" 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=\"4803\" 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>How\u2019s that for \u201cBuild Back Better?\u201d<\/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\">Flickr\/Gage Skidmore<\/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=\"2022-07-17T07:04:55-04:00\">July 17, 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>This week we got\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.based-politics.com\/2022\/07\/13\/new-inflation-data-show-real-wages-in-decline\/\" target=\"_blank\" rel=\"noopener\">more astounding numbers<\/a>\u00a0showing inflation continuing to surge out of control. But beyond these big-picture headlines, we\u2019re also gaining more insight into what this economic carnage actually means for everyday people.<\/p>\n<p>With consumer prices rising 9.1% from June 2021 to June 2022, inflation is now at the highest level since 1981. Thanks to this inflation, workers\u2019 real wages, or wages accounting for inflation, are actually in decline,\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.based-politics.com\/2022\/07\/13\/new-inflation-data-show-real-wages-in-decline\/\" target=\"_blank\" rel=\"noopener\">falling significantly<\/a>\u00a0over the last year.<\/p>\n<p>How\u2019s that for \u201cBuild Back Better?\u201d<\/p>\n<p>New\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.foxbusiness.com\/politics\/average-american-worker-lost-3400-annual-wages-under-biden-inflation\" target=\"_blank\" rel=\"noopener\">analysis<\/a>\u00a0from the Heritage Foundation\u2019s E.J. Antoni puts these figures in tangible, everyday terms. He reported that the average worker has lost $3,400 in annual income due to inflation since President Joe Biden took office, while the average household with two working parents has lost $6,800.<\/p>\n<p>\u201cThere are plenty of families that that\u2019s more than their food budget a year,\u201d Antoni\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.foxbusiness.com\/politics\/average-american-worker-lost-3400-annual-wages-under-biden-inflation\" target=\"_blank\" rel=\"noopener\">told<\/a>\u00a0Fox Business. \u201cI can\u2019t emphasize enough how much this is really crushing consumers.\u201d<\/p>\n<p>The expert added that the costs of inflation have now added up to far more in losses for workers or households than they received in total stimulus checks.<\/p>\n<p>Antoni\u2019s specific data bring the real consequences of inflation into focus. In effect, inflation is a \u201cstealth tax\u201d on the public \u2014 a way the government confiscates and redistributes resources without\u00a0<i>formally<\/i>\u00a0raising our taxes. This lets politicians escape the political backlash that comes with raising people\u2019s taxes \u2014 if people aren\u2019t wise to what\u2019s going on.<\/p>\n<p>But we should be holding our elected officials accountable for the suffering because inflation is rooted in policy choices.<\/p>\n<p>The federal government decided to print trillions of dollars out of thin air to \u201cstimulate\u201d the economy during COVID-19, but all it really did was make the dollars in existence less valuable. What\u2019s more, it ran up trillions in budget deficits and flooded the system with wasteful \u201cstimulus\u201d spending that\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.based-politics.com\/2022\/01\/10\/american-rescue-plan-data-show-zero-jobs-created-by-biden-stimulus\/\" target=\"_blank\" rel=\"noopener\">failed to produce the promised jobs<\/a>\u00a0but did successfully \u201cstimulate\u201d inflation.<\/p>\n<p>This isn\u2019t all Biden\u2019s fault, to be fair. Many other government officials, from those in the Federal Reserve to Congress, bear the blame as well. And yes, some of the reckless money-printing and spending began under former President Donald Trump.<\/p>\n<p>But Biden did come into office and, ignoring\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.politico.com\/newsletters\/politico-nightly\/2022\/04\/06\/larry-summers-i-told-you-so-inflation-tour-00023430\" target=\"_blank\" rel=\"noopener\">warnings<\/a>\u00a0from Democratic-aligned economists, poured more fuel onto the fire by adding trillions in wasteful spending as one of his first acts in office. What\u2019s more, the president has made specific essentials such as gas more expensive through his\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.washingtonexaminer.com\/opinion\/three-things-biden-has-done-that-increased-gas-prices\" target=\"_blank\" rel=\"noopener\">anti-market policies<\/a>\u00a0and onerous regulations.<\/p>\n<p>Workers whose paychecks have been effectively eroded by thousands are\u00a0<a class=\"Link  stylish-link\" href=\"https:\/\/www.youtube.com\/watch?v=0vB8Cy3dk2Y&#038;t=7s\" target=\"_blank\" rel=\"noopener\">paying the price.<\/a><\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/restoring-america\/faith-freedom-self-reliance\/heres-how-much-the-average-worker-has-lost-in-wages-from-inflation-under-biden\" target=\"_blank\" rel=\"noopener\" class=\"stylish-link\">This article first appeared in the Washington Examiner.<\/a><\/p>\n<p class=\"p1\"><b>Like this article? 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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=\"2022-07-17T07:04:55-04:00\" \/><meta itemprop=\"dateModified\" content=\"2022-07-16T22:51:59-04:00\" \/><meta itemscope itemprop=\"mainEntityOfPage\" itemtype=\"https:\/\/schema.org\/WebPage\" itemid=\"https:\/\/www.based-politics.com\/2022\/07\/17\/heres-how-much-the-average-worker-has-lost-in-wages-from-inflation-under-biden\/\" \/><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\/07\/17\/heres-how-much-the-average-worker-has-lost-in-wages-from-inflation-under-biden\/\" \/><\/span><meta itemprop=\"name\" content=\"Based Politics\" \/><\/span><meta itemprop=\"headline\" content=\"How\u2019s that for \u201cBuild Back Better?\u201d\" \/><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\/07\/Untitled-design-2022-07-16T224703.169.png\" \/><meta itemprop=\"width\" content=\"1920\" \/><meta itemprop=\"height\" content=\"1080\" \/><\/span>                <\/article>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s How Much the Average Worker has Lost in Wages from Inflation Under Biden &#8211; Based Politics<\/p>\n","protected":false},"author":1,"featured_media":1574377,"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-1560257","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\/1560257","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=1560257"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1560257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1574377"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1560257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1560257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1560257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}