Comment on Inflation outpaces wage growth for over 40% of Americans
jacksilver@lemmy.world 4 weeks agoThis article is about recent changes, under Biden wage growth was doing a lot better. But that’s stagnated under Trump (to my understanding) and is being hurt by rising costs due to tariffs.
Effectively tarrifs and bad trade policy by Republicans is causing inflation that can’t be offset by wages (because the costs are caused by taxes making everything more expensive).
SanctimoniousApe@lemmings.world 4 weeks ago
It has been shown time and again that administrations under Republican are worse for the economy than when under Democrats. I saw something recently that went back at least three or four decades showing this pattern, but haven’t the time or ability right now to search it up. I’m sure it can be found easily enough.