Treasury Secretary Janet Yellen and Sen. Tim Scott offer contradictory claims on the impact of inflation on American wages. Yellen argues wages have increased since the pandemic, while Scott claims they have decreased under Biden. Various economic metrics show a decline in real wages and incomes under Biden compared to pre-pandemic levels.
U.S. employers added 275,000 jobs in February, exceeding expectations. Wages are rising faster than inflation, benefiting workers' purchasing power.