Tuesday, August 10, 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 gans, 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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