Contradictory Claims on American Wages Under Biden

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.

Inflation and Consumer Sentiment in the Biden Economy

Inflation, not partisanship, is the main reason behind depressed consumer sentiment in the Biden economy. The public dissatisfaction is due to rising inflation and the expectation that it will not decrease soon, leading to a negative impact on real wages. The Biden administration's attempt to spin the situation positively has not been successful so far.