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government, Opinion

Nation declines as government spending, inflation grow; incomes fall

July 20, 2023 | Staff Reporters

Using statistics from the Department of Labor, The Wall Street Journal reports that real hourly wages during the Biden presidency have declined.

When Joe Biden took office in January 2021, the average hourly wage adjusted for inflation was $11.39. Now, 29 months later, it stands at $11.03, a 3.16% decline.

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Nation declines as government spending, inflation grow; incomes fall

The remainder of this article is available only for our website subscribers, who help fund our mission of keeping you updated on news you want and need to know. You can become a subscriber for as little as $5.67 a month.

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