Biden Regime has just given you a pay cut, America. Get ready for more

Article subtitle: 
Producer prices rise a record 7.8% annually in July
Article publisher: 
Fox
Article date: 
15 August 2021
Article category: 
National News
Tags: 
economy
cost
Article link: 
Excerpts are included below - read the original complete article
Medium
Article Body: 
Call it a "Biden pay cut." Americans' real wages are falling under President Joe Biden.
 
On Wednesday, the Labor Department announced that inflation rose by 5.4 percent over the previous year -- the fastest pace (tied with last month) since 2008. 
 
Last Friday, it revealed that average wages only rose by 4 percent over the same timeframe. These numbers confirm what Americans already know: Their living standards are declining under President Biden as inflation swamps wage gains.
 
The Federal Reserve and Biden administration have tried to gaslight Americans by downplaying inflation and calling it transitory. Yet consumers and small businesses in the real world are feeling its full effects....
 
Gas prices have increased by approximately 50 percent since Biden was elected....
 
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The above article contains excerpts - we encourage you to read the complete original article
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