Real wage growth has slowed tremendously under Trump compared to Obama: study | Salon.com

FEBRUARY 29, 2020 3:00PM (UTC)
President Donald Trump claimed that his economic policies led to a “blue-collar boom” and rising wages at the State of the Union address earlier this month, yet new data shows that inflation-adjusted wage growth has fallen substantially during his first two years in office compared to the end of President Barack Obama’s presidency.

Middle-class incomes grew about 5.8% per year during Obama’s last two years in office before slowing to 2.7% from during Trump’s first two years in office, according to a new analysis by the progressive think-tank Economic Policy Institute (EPI) and investigative news outlet Capital & Main. The income data were adjusted for inflation. All but two states saw real wages fall during that time period.

via Real wage growth has slowed tremendously under Trump compared to Obama: study | Salon.com