I've posted this before, but according to government figures, wage rates started exceeding inflation about a year ago.  However as can be seen in the graph, the losses in the red area are not yet made up for the gains in the green area.  The average wage earner is still negative.  If present trends continue wage earners might break even in about a year.  That means that wages averaged over the previous four years have been stagnant.  Essentially a lost half decade.
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As I point out, this is wholesale robbery by the government through deficit spending.  They've robbed the poorest workers of four years of market growth.  And passed that money around to favored voting groups.  Buying votes at the taxpayer expense.  

http://fortune.com/2023/12/12/wage-growth-exceeded-inflation-jec-democrats/

Has anyone here had a significant pay increase in the last year?

I haven’t, no one I know has. Several have had to taken on a second job. Hell on friend has taken to donating plasma twice a week.

seized on by the Libs.  Yes, MANY Americans have gotten a small pay raise in the last year, but NOT enough to offset the erosive effects of Biden's inflation.  The two indicators that prove this are that personal savings are way down and credit card debt is way up.  People are using their CC's to pay for necessities of life AFTER depleting their Savings Accounts over the past few years because their wages have NOT kept up with Biden's inflation.  

-- Modified on 2/12/2024 1:35:59 PM

…in only the last few weeks.