NYT: Inflation outpacing wage gains

The New York Times reports, “consumer prices have been rising faster than average wages — meaning that, on average, workers are seeing the purchasing power of their paycheck fall. People looking to buy a car or build a house or obtain a wide variety of other products are finding it hard to do so.”

No wonder polls show Americans feel the Democrats’ socialist stimulus did more to hurt than help the economy.

NRCC Comment: “Democrats wasted $1.9 trillion on a socialist stimulus and all the American people got was rising prices and a massive labor shortage.” – NRCC Spokesman Mike Berg