It’s true that inflation outpaced wages, but this was only for a period following Covid. And while everyone pointed out when inflation pulled away, no one seemed to notice when wages bounced back.
Tens of millions of deaths globally will inevitably cause supply chain issues, and no amount of fiscal policy will prevent that scarcity. So people have to pay more for the same value. But things also recovered under Biden to more than compensate for that deficit. Here’s the growth rate of inflation and wages over the past four years:
It’s true that inflation outpaced wages, but this was only for a period following Covid. And while everyone pointed out when inflation pulled away, no one seemed to notice when wages bounced back.
Tens of millions of deaths globally will inevitably cause supply chain issues, and no amount of fiscal policy will prevent that scarcity. So people have to pay more for the same value. But things also recovered under Biden to more than compensate for that deficit. Here’s the growth rate of inflation and wages over the past four years:
To people literally dying of corporate capitalism, Harris’s mantra was, “Look at these charts, people — everything’s pretty good!”