White House economic director claims real wages rising despite inflation and high gas prices
By
Ford McCracken
Master baker tier. Every paragraph earns its place on the tray.
Summary
National Economic Council Director Kevin Hassett downplays Americans' economic anxiety amid high gas prices and rising inflation during the Iran war, claiming real wages are going up despite Bureau of Labor Statistics data showing wages did not keep pace with inflation in April.
Key quotes
· 3 pulledLook at what's happening to real wages
On balance, real incomes, real wages are going up
really positive news
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