CNN: Inflation wipes out wage gains

CNN reports “inflation wiped out America’s pay raises… In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according to an analysis by Jason Furman, an economics professor at Harvard University.”

NRCC Comment: “Democrats’ reckless spending is causing prices to rise so fast that even a raise can’t make up for it. Democrats’ harmful economic policies are hurting middle-class Americans and will doom Democrats’ majority.” – NRCC Spokesman Mike Berg