Commentary
The Biden pay cut just got more severe as surging inflation reduces Americans’ real wages and living standards. On Wednesday, the Labor Department announced that the consumer price index increased by 6.2 percent over the last year, the fastest pace in over 30 years. October marks the sixth consecutive month that inflation has grown by 5 percent or more on a year-over-year basis—significantly outpacing wage growth and putting Americans further and further behind. Bidenflation is the next pandemic.
