Tag Archives: wage growth

Does She Have A Future As A Political Spokesperson?

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On Monday, The Gateway Pundit reported:

President Trump dismissed Erika McEntarfer, the now-former Commissioner of the Bureau of Labor Statistics (BLS), after rightfully accusing her of deliberately inflating employment numbers ahead of the election to boost Kamala Harris’s campaign. He pointed to a falsely reported “all-time high” in job figures that was later revised down by nearly one million jobs, an error he described as the most severe in over 50 years.

Supporting McEntarfer’s firing, National Economic Council Director Kevin Hassett cited a “partisan pattern” in BLS reporting and emphasized the need for a “fresh set of eyes” at the agency.

Apart from lying about the total number of jobs created, roughly a quarter of Biden’s job growth in some periods was government jobs funded by taxpayers, most job growth was part-time employment while full-time jobs remained flat, workforce participation declined which artificially improved the unemployment rate, and because of Biden’s catastrophic inflation, real wage growth was negative throughout his presidency.

When Biden handed off the economy to Trump, employment levels were still inferior to what Trump had built by 2019.

The article reviews some of the economic numbers under President Biden and President Trump:

The unemployment rate under Biden was also artificially improved due to a decline in labor force participation. Although the labor force participation rate rose from 61.3% in January 2021 to around 62.6–62.7% by mid-2024, it still remained 0.7 percentage points below the pre-pandemic level of 63.3% in February 2020.

When adjusted for population growth, nearly 2 million more Americans were on the sidelines compared to when President Trump was in office (Monthly Labor Review, U.S. Bureau of Labor Statistics). By July 2025, the rate had fallen again, dropping 0.5 percentage point over the year to 62.2%.

The article concludes:

All net job gains since the start of 2020 went to foreign-born workers, while native-born Americans experienced a net job loss. When comparing total employment to pre-pandemic levels, the increase was just 3.7 million jobs—still short of the 6.7 million jobs created under President Trump before the pandemic, meaning Biden fell about 3 million jobs behind that benchmark.

Please follow the link to read the entire article. Real wages fell during the Biden administration due to inflation, and generally speaking, Americans struggled as inflation got worse and high-paying jobs got harder to find.

The Real Picture Of Inflation

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I have heard a number of Biden-friendly commentators explain that Bidenomics is working–inflation is down and wages are up. You could fertilize your garden with that statement.

On Friday, The Conservative Treehouse posted an article which gives a more accurate picture of where the country is economically.

The article reports:

This knuckleheaded narrative engineer from the New York Times/Atlantic even has the audacity to say, “let prices continue to fall to target,” as if there is a single item at any price that is dropping.  His spin is a good example of gaslighting just from the use of the statement “price inflation is falling back towards where we want it.”

Price inflation is not price.  ‘Price inflation’ is the rate of increase.  There’s a BIG DIFFERENCE between “inflation falling back” and prices dropping. Inflation falling back is merely a lessening of the rate of price increase.  The price does not drop, and never will.

The article includes the following chart:

If you are wondering why you currently have more month than money, the above chart might explain things.

The article notes:

Government monetary, fiscal and energy policy created inflation.  Devalued currency from spending, simultaneous to massive government policy changes driving up supply side energy costs, exploded inflation.

Prices for energy, oil, gas, home heating, fuel and food all skyrocketed as a result.  Workers need pay raises to afford these essential costs of life.  However, the same people who created the inflation are now worried that wage rate increases may drive inflation.  The mindset at work here is infuriating.

Consider these empirical data points.   In August of 2021 the Biden administration permanently increased food stamp benefits by 25% for everyone who needed the subsidy {LINK}.  This permanent benefit increase was delivered at the same time as the administration was claiming “inflation was transitory.”  They knew it wasn’t transitory. They were lying.

The Social Security Benefits were also raised in 2022 by 8.7% for the largest ever cost of living adjustment in 2023 {LINK}.  Both the 25% food stamp increase and the 8.7% SSI COLA were needed to offset the inflation created by government policy….  However, the same government doesn’t want wages to rise.  Can you see the hypocrisy.

Workers are being crushed by the outcomes of policy, and those who created the policy making the outcomes do not want worker wages to offset the policy.

We need to see wage growth in the 20% range just to keep pace with the increased cost of living created by policy.  Food costs 40% more, energy 30% more, housing 20% more and the list keeps going.

The prices for many goods have already doubled, worker wages need to compensate for those increases.   However, government, Wall Street, corporations and policy makers do not want to see wage growth that will offset the price of goods because they fear those wage gains will drive inflation.

The financial media, Wall Street, govt policy makers (republican & democrats) and corporations are lying to us and simultaneously killing the working-class. We, the workforce, are in an abusive relationship with govt…. and they have the nerve to blame us for inflation.

Let’s hope the House of Representatives discovers fiscal sanity in the next year.