Joe Biden is misremembering again. Last week, he declared in an interview that “Wage increases have exceeded the cost of inflation.”

Not even close.  Over the three and a half years of the Biden presidency prices are up 19.4% and average weekly earnings up closer to 17%.

Hourly wages are rising, but hours worked are falling, so the take-home pay after inflation is still down, down, down.

This chart from Yahoo Finance confirms what we’ve been saying for many months.