The Democrats giveth and the Democrats taketh away

Biden’s economy is making people poorer:

The Labor Department reported Friday that average hourly earnings increased 0.4% in October, about in line with estimates. That was the good news.

However, the department reported Wednesday that top-line inflation for the month increased 0.9%, far more than what had been expected. That was the bad news – very bad news, in fact.

That’s because it meant that all told, real average hourly earnings when accounting for inflation, actually decreased 0.5% for the month.

Never fear, this is an easy fix: All they need to do is raise the minimum wage to, say $40 an hour. Because that would have no downstream economic consequences at all right? Would just make everyone’s income go up. Adding costs to businesses wouldn’t increase prices because businesses would never increase their prices to compensate for increased business expenses…just ask Jennifer Psaki.

Another one of those awesome leftist policies that make the thing they’re supposedly trying to solve even worse.

But take heart…that’s the point. After all, their policies destroying the economy is a feature, not a bug.

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