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2021-08-14 Economy

Harvard Economist Breaks the Bad News About Rising Paychecks Under Biden

[Western Journal] In Joe Biden’s America, earning more means buying less.

Although economic recovery from the pandemic means more Americans are going to work, "the hot economy is heating prices more than it is heating wages," said Jason Furman, an economics professor at Harvard University, according to CNN.

Furman has argued that the current economic trends are reminiscent of the economy of the 1960s.

"One of the troubling things in the 1960s was that wages didn’t keep up with prices, and so people saw their purchasing power, their real wages fall. I’m not saying that’s what’s going to happen now, but that is the scenario to be worried about," he told The Associated Press.

Posted by Besoeker 2021-08-14 00:00|| || Front Page|| [11131 views ] Top

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