So your REAL pay is essentially flat for the last five and a half years, using fake government inflation figures. Add at least 2% (probably 4%) to the annual number to get the REAL inflation number and you are taking home at least 10% LESS than you were in 2020. But don’t you worry. Donald Trump Jr. was worth $10 million on daddy’s inauguration day and is now worth over $500 million. He must have worked a lot harder than the rest of us. And all of our $10 million stock portfolios have done stupendously well.
When you go to the grocery store this week and pay $200 for a cart of food that cost $150 last year and then pay $4.29 a gallon for gas that you paid $2.89 a gallon for in February, remember who to thank. Trump’s golden age is golden for him, his family and his billionaire friends.
Guest Post by E.J. Antoni
Inflation-adjusted median earnings in Q2 were up a mere 0.5% from Q4 ’20 – the very large 28.0% increase in earnings over those 5 and a half years was almost entirely just inflation:
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[ H/T The Burning Platform ]
