The real wages of American workers fell again in September as the record-inflation crisis that began under President Biden continued, according to a new report from the Bureau of Labor Statistics.
The report found that the real average hourly earnings for “all employees decreased 0.2 percent from August to September, seasonally adjusted.”
“Real average weekly earnings decreased 0.2 percent over the month due to the change in real average hourly earnings combined with no change in the average workweek,” the report added.
The decrease in real earnings was a result of the inflation crisis as prices rose “0.4 percent in September on a seasonally adjusted basis, after increasing 0.6 percent in August,” according to a separate report from the Bureau of Labor Statistics.
Despite the reports showing that Americans are worse off economically due to the inflation crisis, Biden released a statement attempting to paint the report as good news.
“This morning’s report shows core inflation fell to its lowest level in two years,” he began. It should be noted that “core inflation” excludes necessities like food and energy.
“Overall inflation is down by 60% from its peak at a time when unemployment has remained below 4% for 20 months in a row and the share of working-age Americans in the workforce is the highest in 20 years,” he added. “That’s Bidenomics in action. I’ll continue to fight to build an economy from the middle out and bottom up—even as Republicans in Congress make reckless threats to weaken our economy, prioritize tax cuts for the wealthy and large corporations, and push for deep cuts to programs that are essential for hardworking Americans and seniors.”
