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Inflation: The Middle Class Is Getting Poorer

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the staff of the Ridgewood blog

Ridgewood NJ, Andy Puzder former chief executive officer of CKE Restaurants has compared real wage gains under Trump versus Biden so far.     Under Trump, real median income hit an all-time high since 1999, and fell, slightly in 2020 due to Covid shutdowns. Under Biden, wages are rising, but inflation is outpacing the paycheck gains. Maybe that’s another reason workers aren’t working.