Workers pay for government, wealthy get bonuses

While the White House has celebrated wage gains in recent months, the gains they celebrate are before factoring in inflation. In nominal terms, average hourly earnings rose 0.7 percent in April, or 8.7 percent at an annual rate. For production and nonsupervisory workers, they were up 0.8 percent, or a whopping 9.4 percent annualized.

But once we account for inflation, as measured by the Consumer Price Index, we find that average hourly earnings — again, by my calculation — actually declined 0.1 percent in April, or almost 1 percent at an annual rate, following a staggering 0.7 percent (8.3 percent annualized) decline in March. For production and nonsupervisory workers, real wages, by my calculation, declined at annualized rates of 4.5 percent and 0.2 percent, respectively, in March and April.

Both parties have one thing in common, making the wealthier and the poor poorer. They do this with federal spending, Biden, Trump, Obama. The only one who reversed the trend was Bubba Clinton. 

Say no to jobs, no to government spending and demand a better deal.