NOT In Labor Force Remains Near 100 Million As REAL Hourly Earnings Drop To -1.4% YoY (Biden Celebrates Unemployment Rate Dropping To 4.2%?)

Sharing is Caring!

by confoundedinterest17

President Joe Biden took to Twitter yesterday to celebrate how well his economic policies are working, particularly the American Rescue Plan. Between Congress and The Fed pumping trillions of dollars of stimulus in the economy, how is this surprising? Or a reason for celebration?

While declining unemployment is great, there is more to the story that President Biden failed to mention. Like … the number of people NOT in the labor force remains near 100 million (99,997,000 to be exact). Thanks to Covid-related policies (like job loss due to resisting vaccinations), increasing retirement, etc.), NOT in labor force remains elevated compared to pre-Covid levels. And, of course, Biden doesn’t want to mention that inflation is growing faster than hourly wage growth resulting in REAL hourly wage growth being -1.4% YoY.

See also  Tulsi Gabbard: 'Biden’s new policy of directing a domestic terrorism unit to target those who have an “anti-authority” or “anti-government” attitude exposes their anti-liberty/anti-democracy mindset.'

And President Biden took credit (he is a politician, after all) for a small decline in gasoline prices. Of course, after helping send gasoline prices up over 50% since he took office.

See also  Biden Has a Secret List Of Americans & Editorial Board Demands Use Of Military Force Against Them!

So, is Biden going to take credit for increasing gasoline prices by 50%? And declining REAL average hourly earnings? Or over 100 million people NOT in the labor force? I doubt it. But he is focusing on the POSITIVES of his American Rescue Plan.

Its a bold strategy Cotton, let;s see if it pays of for him.

 

 

868 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.