Tag: Real Wages

Americans are Getting Poorer While Prices Keep Going Up

Michigan Star Staff
Shopping

Americans’ real weekly earnings dropped sharply in April and still remain well below their level when President Joe Biden first took office, according to data from the Bureau of Labor Statistics (BLS).

Real average weekly earnings fell to $1,191.93 in April, declining by 0.4% in the month and 4.8% compared to the start of Biden’s term in January 2021, according to data calculated by the Daily Caller News Foundation from the BLS. Prices have risen over 19% since Biden first took office and 3.4% in the last year, degrading the value of Americans’ wages.

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Commentary: Americans Are Worse Off than Four Years Ago

Michigan Star Staff
Joe Biden SOTU

The State of the Union is not strong. Americans are facing a cost-of-living crisis, high crime, and an unsecured southern border as a direct result of Democrats’ failed policies led by perpetrator-in-chief Joe Biden.

Instead of taking accountability for these pressing national challenges, Biden promised more of the same in his State of the Union address Thursday night.

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‘Real Wage Destruction’: Small Business Leader Reacts to Latest Inflation Report

Michigan Star Staff

An economist says “American families are having to eat the rotten fruit from the tree of government overspending” after the U.S. Bureau of Labor Statistics reported on Wednesday that the consumer price index, a key measure of inflation, rose 0.2% in June.

“It’s great news for the consumer that inflation has slowed dramatically from 40-year highs, but we’re still in terrible shape,” EJ Antoni, a research fellow for regional economics in the Center for Data Analysis at The Heritage Foundation, told The Daily Signal in a written statement. (The Daily Signal is The Heritage Foundation’s news outlet.)

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