We The People

We The People

Thursday, August 12, 2021

Bidenflation: Real Hourly Pay Suffers One of the Worst Collapses Ever

Bidenflation: Real Hourly Pay Suffers One of the Worst Collapses Ever

It is getting harder and harder for American workers to make ends meet as rising inflation outpaces pay gains, pushing down inflation-adjusted compensation at a pace almost never seen before. Adjusted for inflation, hourly compensation fell 2.7 percent in the second quarter, data released by the Bureau of Labor Statistics on the nonfarm business sector showed Tuesday.

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