Comment on Inflation outpaces wage growth for over 40% of Americans

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jacksilver@lemmy.world ⁨1⁩ ⁨week⁩ ago

This 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).

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