Biden boasts about US wages, Twitter community disagrees.
President Biden’s Bogus Boast on Real Wages Earns Swift Rebuke
In an attempt to blow his horn, President Joe Biden claimed that Americans’ real wages are higher than before the pandemic. However, his boast was quickly debunked by Twitter’s Community Notes, earning him a swift rebuke.
“The tweet’s claim about real wages contains a factual error,” Community Notes chided Biden. “On 3/15/20 when US COVID lockdowns began real wages adjusted for inflation (AFI) were $11.15. As of 7/16/23 real wages AFI are $11.05. Real wages AFI remain lower (not higher) than before the pandemic.”
The Twitter account for the GOP, not to be outdone, added, “Since Biden took office, real wages are down 3%.”
Since Biden took office, real wages are down 3%.
According to YCharts, real wages reached their highest level in the last four years at $11.72 by the end of April 2020, before the full impact of COVID. However, by the end of June 2020, they fell to $11.41 and remained around that level until Biden’s inauguration.
Unfortunately, real wages started steadily declining thereafter. By May 31, 2022, they were hovering at $11.01, and by the end of the following month, they had plunged to $10.92.
During the 31 months since Biden took office, the inflation rate has averaged a staggering 6.22%. In contrast, during the same period after former President Trump’s inauguration, the inflation rate averaged only 2.17%. Biden’s signing of the $1.9 trillion American Rescue Plan and a $1.1 trillion infrastructure package contributed to this significant increase.
In his 2023 State of the Union Address, President Biden boasted about creating “12.7 million new jobs, more jobs created in two years than any president has ever created in four years.” However, this claim conveniently ignored the fact that the U.S. economy lost over 22 million jobs in March and April 2020 due to the COVID-induced economic shutdowns.
Furthermore, in the first two years of Biden’s presidency, federal spending rose to 40% higher than the pre-COVID 2019 budget. His proposed 2024 budget would add as much to the national debt as former President Trump and former President George W. Bush combined.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...