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Biden’s Inflation Drove Real Worker Earnings Negative

BLS released median weekly earnings for Q4 yesterday: nominal increased a mere 2.6% from prior year, while CPI rose 6.7%.

That means real earnings dropped 4.1%. Biden promised no tax hikes for anyone making less than $400,000 a year – but inflation, the cruelest tax of all, is making a mockery of that promise.

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