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Raising Inflation Is Shrinking Take-Home Pay

the staff of the Ridgewood blog

Ridgewood NJ, this week’s report on earnings and inflation from the Bureau of Labor Statistics Usual Weekly Earnings Summary ( contains more bad news for workers:

Median weekly earnings in Q3 2021 were $1,003 – just 0.7% higher than a year earlier ($996). Inflation was 5.3% over the same time period.

Once again welcome to the 1970’s ,after adjusting for inflation workers are  actually losing $50 a week under Biden.

Experts predict gas prices will raise to $5 a gallon in the next month and food prices are expected to rise by 10% over roughly the same time period. Currently the average price of gasoline in the state ranged from $3.32 a gallon in Sussex County to $3.47 a gallon in Somerset County. Monmouth and Ocean counties averaged about $3.39 a gallon, according to AAA Fuel Gauge Report.

All of this makes a mockery of the Biden admin claim that the higher inflation is a sign of a strong economy. This is like saying that obesity is a sign of affluence and good health.

Worse news still for the White House: New polling finds “62% of American voters say the administration’s policies are either somewhat or very responsible for increasing inflation, including 41% of Democrats, 61% of independent voters and 85% of Republicans.”

2 thoughts on “Raising Inflation Is Shrinking Take-Home Pay

  1. Thank you Biden and a brain dead Democrat Congress who are still trying to pass $3.5 trillion in more socialist spending while inflation is soaring. Even a first year economics student learns that you don’t increase your spending when every essential need is costing you more.
    There’s a lot to be said for being fiscally conservative but the Democrats are totally oblivious to it.

  2. Brandon is my hero.

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