(FamilyConservationPAC.com) – In recent months, wages have risen more quickly than consumer prices, according to President Joe Biden’s remarks on Tuesday.
But as Bill O’Reilly explains, this isn’t the case. In fact, according to Mr. O’Reilly, it’s worse than the Great Depression.
Bill breaks down Joe Biden’s disastrous economy after the Feds confirm that $7 TRILLION in personal assets were wiped-out in 2022. pic.twitter.com/hiVYB5G77r
— The First (@TheFirstonTV) December 14, 2022
It was the first time since August that average hourly and weekly wages increased in November at a rate more significant than the rate of inflation.
Wages and inflation increased at almost the same rate in September and October.
Average hourly wages after inflation increased by 0.5 percent, representing an increase in hourly earnings of 0.6 percent and an increase in the Consumer Price Index of 0.1 percent.
However, the typical workweek shrank somewhat, dropping from 34.5 hours to 34.4 hours. After accounting for inflation, average weekly earnings were only up by 0.2 percent.
The average hourly and weekly wages have decreased significantly since last year.
Despite an increase in unadjusted salaries of 5.1 percent and an increase in the price index of 7.1 percent, real average hourly wages have decreased by 1.9 percent from a year earlier. Weekly real wages have continued to fall by 3%.
Biden Continues To Blame Trump, Saying He Inherited A Bad Economy
In the first three years of Trump’s administration, the unemployment rate fell less than 4 percent before the coronavirus flattened the economy.
These economic numbers were near the lowest in half a century. The inflation rate fell to 1 percent, which was even below the target level set by the Federal Reserve.
This kept the interest rates on mortgages and many other loans down to the lowest level in modern times.
And according to reports, the portion which fell below the poverty line declined to the lowest level ever recorded in 2019.
The wealth of households, including their stocks, savings, and real estate, rose to the highest level in history.
The Census Bureau saw the median income rise to above $65,000, up by more than $5,000 in three years and double the gains from the last decade.
The portion below the poverty line declined to the lowest level ever recorded in 2019. The wealth of households, including their stocks, savings, and real estate, rose to the highest level in history.
The Census Bureau saw the median income rise to above $65,000, up by more than $5,000 in three years and double the gains from the last decade.
By the end of the term for Trump, most voters said they were better off than four years ago, even with the coronavirus. Contrary to the economic crisis that Joe Biden says he has inherited.
But here’s who Biden blames:
Biden: “When I took office, we inherited a nation with a pandemic raging and an economy that was reeling.”
— The Post Millennial (@TPostMillennial) December 13, 2022
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