I truly don’t believe it’s gaslighting though.
I think that because wage growth came after inflation, people still remember that sting and the hurt of it. It’s absolutely true that from 2020-2022 (remember, Biden took office in January 2021), inflation outpaced wages.
But from 2022-2024, wages outpaced inflation by a lot. Overall when we look back at the last 4 years, wages grew significantly higher than inflation ever did.
I can agree that probably not every single worker experienced exactly that, sure. But shit, fast food workers have see massive wage growth the past several years.
Far from abandoning the working class, wages for blue collar workers have gone up even faster than wages for white collar workers.
I wanted to see if I could find a tax return from 2020 but I don’t have that year handy—I do have 2021 though. I am a white collar worker, and my wage is up 14% since 2021, so if I estimate one more year I think I can confidently say mine is up 17-18% in the past 4 years.
This is a weird election in the sense that the economy is the big issue—but jobs are way up, inflation way down, wages significantly up, unemployment way down, stock market is high…
Prices haven’t returned to pre-pandemic so people feel the economy is bad. They may never come down that much, but if that’s the goal then electing the guy who wants tarrifs on everything under the sun probably isn’t the best bet.