" 'Wage gains used to outpace inflation for more Americans.
So this actually means more Americans are losing.
#17 | Posted by snoofy'
They didn't for the full 4 years under Biden -------.
#20 | Posted by ScottS at 2025-07-28 02:09 AM"
Not exactly correct:
"U.S. inflation rate versus wage growth 2020-2025
Published by Abigail Tierney May 8, 2025
In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023.
www.statista.com"
January 2023: essentially half of former President Biden's four year term.
Given that the US economy doesn't change in an instant, one could reasonably deduce from the graph that the current situation is more a result of the previous administration's policies than anything the current administration has done.
Does this mean the present administration is being conducted under the influence?
It would explain a lot.