Steve Rattner: ‘Americans’ Lives Aren’t Better’ Under Biden

EXCERPT:

RATTNER: "I’ll show you the answer in chart number three, which is, in fact, American’s lives aren’t better, necessarily. Because when you look on the left here, this shows what happens to real wages. Wages after adjustment for inflation. And you can see the dotted line is the trend line. And real wages after inflation actually jumped up during the pandemic, mostly because prices went down. But what’s happened since then, this is inflation, and this is what the American people are really unhappy about. Inflation for the first time in a long time is polling number one, broadly speaking, across the nation as the issue. And so you can see, in fact, the pink area shows you the gap between the trend line, where wages were supposed to be going, and where real wages after adjustment of inflation are actually going. Americans are losing. For all you read about wage increases, Amazon and this and so on, Americans’ wages are actually going down at the moment in real terms after inflation."