House Speaker Kevin McCarthy argued that President Biden’s policies have fueled the alarming trend.
American workers have effectively taken a pay cut for 24 straight months as inflation consistently outpaces wage growth on President Biden’s watch, according to federal data.— just a few months after Biden took office, according to data from the Bureau of Labor Statistics.a speech at the New York Stock Exchange on Monday
“In fact, since President Biden took office, families have lost the equivalent of $7,400 worth of income,” he added. As of this month, Antoni said he estimates that the average family’s annual income has plunged by $7,100 under Biden’s leadership — a slight improvement compared to January, but still a significant hit to cash-strapped families.John Angelillo/UPI/Shutterstock
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