The real wages of American workers continued to fall last month as a result of the inflation crisis that began shortly after Democrat President Joe Biden took office, according to a new report from the Bureau of Labor Statistics.
“Real average hourly earnings for all employees decreased 0.1 percent from January to February, seasonally adjusted,” the report said. “This result stems from an increase of 0.2 percent in average hourly earnings combined with an increase of 0.4 percent in the Consumer Price Index for All Urban Consumers (CPI-U).”
Due to a decrease in hours worked last month, the real weekly earnings of American workers fell even further.
“Real average weekly earnings decreased 0.4 percent over the month due to the change in real average hourly earnings combined with a 0.3-percent decrease in the average workweek,” the report said.
Over the last year, Americans’ real wages have fallen dramatically as inflation outpaced wage growth nearly every month.
“Real average hourly earnings decreased 1.3 percent, seasonally adjusted, from February 2022 to February 2023,” the report said. “The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 1.9-percent decrease in real average weekly earnings over this period.”
