Biden to workers: put real wage decline in “perspective”

By Stan Greer for RealClearWire

If the majority of Americans who rely primarily on their own paychecks and those of loved ones to cover family expenses are voting their wallets this fall, allies in the U.S. House and Senate of labor label Chairman Joe Biden who are on the Nov. 8 ballot will be in big trouble.

With annual consumer price inflation currently at 8.3%up from 1.4% the month Biden was inaugurated, the average American earner suffered a 5% discount in real wages since January 2021. This equates to a salary drop of $2,726 per year for a full-time worker! In the past year alone, wages have decreases 2.8%. This represents a sharp turnaround from the last year of the Trump administration, when real hourly wage increased by 3.8%.

Biden’s economy has been particularly difficult for young workers hoping to buy their own homes for the first time. As of this writing, the average interest rate on a 30-year home loan is more than 6%, having more than doubled since Biden took office. Mortgage rates have not been this high for almost a decade and a half.

Related: CBO says Biden plans to eliminate student loan debt that will cost taxpayers $400 billion

The president insists that ordinary Americans whose pay has not kept up with soaring prices shouldn’t blame him. In a 60 minutes interview aired September 18, Biden taught the Americans a lesson that economic news doesn’t seem so bad when placed in the right “perspective”. Year-on-year inflation is at its highest level in 40 years, he admitted, but it’s not getting much worse right now!

A recent poll indicates that it will be difficult for the president to convince America’s hard-working blue-collar workers and private-sector union bosses consider their core constituency that the 2022 economy is doing really well. This is a key reason why, unless things change dramatically before Election Day, support for Biden’s Democratic Party among working-class voters of all races and ethnicities will be noticeably lower in 2022 than in 2020.

But top Big Labor figures like AFL-CIO President Liz Shuler have amassed a massive political war chest to intimidate millions of workers forced to pay union dues and their spouses into supporting allies of Biden in major U.S. House and Senate contests, despite well-founded workers’ perception that they are worse off now than they were under GOP Chairman Donald Trump.

According to a recent analysis By veteran labor strategist and numbers expert Chris Bohner, in 2019 and 2020 alone, union officials admitted to spending more than $1.4 billion on “politics and lobbying” in LM-2 disclosure forms that ‘they filed with the US Department of Labor. And even this enormous sum doesn’t Account for a wide range of ideological spending by union bosses.

Related: Biden spends $5 billion on electric vehicle chargers

improbably attribute American blue-collar opposition to Big Labor favorite general managerfor decades to “disinformation and misinformation”, Shuler is swearing that its giant union conglomerate will “mobilize like never before” to elect candidates for forced unionism in November. This means that the labor machine can reasonably be expected to pump even more money into politics and lobbying in the current campaign cycle than it did in 2019-20.

by Bohner Data show that there are now over 10,000 people on the union payroll earning a gross salary of over $125,000 a year. Many, if not most, of these union professionals are available to do full-time political work this fall. Supported by an army of up to 100,000 “volunteer” militants who are in reality usually paid low wages from union treasuries to serve as political door-to-doors in battleground districts and states, they are a formidable political force.

This nationwide campaign gear designed to keep President Biden’s partisan allies leading both houses of Congress will be funded largely by forced dues and fees levied on union workers who oppose Biden and want him to be in office. subdued until it can be eliminated.

This is a flagrant abuse of the political freedom of workers, which can probably only be stopped by the passage of a national right to work law prohibiting all forced union dues and fees as a condition of employment. .

Syndicated with permission from RealClearWire.

Opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of The Political Insider.