Even the BBC acknowledges that wages have fallen under Biden.

Salaries for new roles are stagnating -- and in some cases, falling. Some employers may be looking to cut costs, but the lack of wage growth may be a matter of post-pandemic correction.

The mass US layoffs of the past few years are continuing. In 2024 alone, thousands of workers across many sectors, including media and technology, have lost their jobs and are on the hunt for new ones. But some are finding an unwelcome surprise as they scan listings for open roles. A salary bump is all but impossible; in many cases, wages seem lower than their previous pay -- even for the same jobs.

They aren't imagining things. A 2023 report on pay trends from ZipRecruiter showed 48% of 2,000 US companies surveyed lowered pay for certain roles.

But, say experts, companies aren't necessarily just seizing a moment in a tight job market to reduce costs.

What? Employers cannot take advantage of a tight job market to lower salaries. In a tight job market, workers have the leverage. There are too few workers for the jobs available, so their bargaining power is higher.

It makes no sense that "companies are seizing on a tight job market to reduce salaries."

This strongly suggests the job market is not, in fact, "tight" at all.

In some cases, stagnant and even lowered salaries are the result of an overdue reset for a pandemic era surge in compensation when companies were scrambling to fill roles during the Great Resignation.

The tightening labour market has left US workers with fewer options than just years earlier.

Again, a tight market gives workers more options. They're in-demand. They have their choice of suitors.

This is evidence that the unemployment figures are false.

Beginning 2020, employers boosted salaries to new heights to attract talent to a deluge of open roles. But amid an uncertain economy, employers have pulled back from new hires and cut jobs.

"There is now less competition to hire workers -- and therefore less need to boost wages," says Nick Bunker, US-based director of North American Economic Research at Indeed. "Job postings have dropped quite a bit, while the supply of workers has grown."

It's one of those "tight job markets" where there is less competition to hire workers.

The article attempts to explain this bizarrely inverted situation of a "tight job market" in which workers nevertheless have no bargaining power, fewer options, and must accept lower salaries. They say that after the reopening of the Regime-shuttered economy, wages grew in that first year by 9.3%, but now employers are clawing back those wage increases.

Anyway you slice it -- since 2022, wages have been falling, not rising, and falling in the face of record inflation to boot.

But the White House and its Gaslight Media allies are determined to tell you you've never had it better.

I mean -- Look at the graph! It goes up!!!

Chris Hayes knows that real wages are not equal to GDP, right?

Congressman Byron Donalds
@RepDonaldsPress

The REALITY of Bidenomics:

Overall prices UP 17.9%
Food costs UP 25%
Gas prices UP 40%
Credit card debt UP 46%
Home sales DOWN 26%
Real wages DOWN 2%

Americans are paying $1K more per year since Biden became president.

Bidemonics has caused a cost-of-living CRISIS.

But- but -- Chris Hayes as a graph!!!!

Someone joked that Biden was forced to say the name "Lincoln Riley."

Chris Hayes apparently doesn't realize that this was mocking Joe Biden for never having heard his murder victim's real name -- and accused the guy mocking him of having not bothered to google the name.

Which is actually the Joe Biden sin being referenced.

Chuck Ross
@ChuckRossDC

How embarrassing for @chrislhayes. He doesn't realize he's actually dunking on Joe Biden for referring to Laken Riley as "Lincoln" during the State of the Union. Shows you the bubble these liberal journos live in.

But... but the graph!

Speaking of the State of Dementia Speech:

Biden lost ground since the speech.

om Bevan
@TomBevanRCP

4 new head-to-head national polls in last 48 hours push Trump's lead in RCP Avg to 2.4%.

I think the lead had been a single point.

RealClearPolitics moving average here.