As the 2024 election approaches, Republicans nationwide are running against incumbent president and likely Democratic no
minee Joe Biden by focusing on the economy, and particularly the unusually high levels of inflation on his watch.rmerly known as Twitter, the West Virginia Republican Party listed several statistics it sees as undercutting Biden’s record on the economy:"❌ Gas is more than $1/gallon more expensiveYou are paying the price for Biden’s energy agenda.
"Real wages" means wages adjusted for inflation. When real wages are falling, inflation is rising faster than wages. When real wages are rising, wages are rising faster than inflation.The West Virginia Republican Party did not respond to inquiries for this article, but we were able to assess the statement’s accuracy using commonly cited economic data.From January to March 2021 — Biden’s first three months in office — wages rose faster than inflation.
So, the post has a point that under Biden,"real wages have fallen monthly." But that ceased to be accurate a few months ago.
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