Americans' Hard-Earned Money Isn't Going as Far, So How Is the Administration Responding?

As if we needed one more sign that the Biden economy isn’t going well for average Americans, we learned today that real average hourly earnings for Americans dropped by a percent in June.

According to the Bureau of Labor Statistics (BLS), here’s how it breaks down: average hourly earnings increased 0.3% for all employees, but the Consumer Price Index for All Urban Consumers (CPI-U) jumped 1.3%, hence a 1% drop in real average hourly earnings.

That’s for all employees across the board, but if you segment out production and nonsupervisory employees — read blue-collar workers — it’s slightly worse.

“Real average hourly earnings for production and nonsupervisory employees decreased 1.1 from May to June, seasonally adjusted,” reads the BLS press release. “This result stems from a 0.5-percent increase in average hourly earnings combined with an increase of 1.5 percent in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).”