PolitiFact - President Joe Biden said incomes are up, but that ignores inflation

By Bill Adair • August 1, 2007

After the last of those spikes, which reflected the stimulus payments from the American Rescue Plan, disposable personal income has generally stagnated, and is down on a year-over-year basis by about 4% between July 2021 and July 2022. Dean Baker, co-founder of the Center for Economic and Policy Research, a left-of-center think tank, cautioned that economic data post-pandemic can be trickier than usual to analyze. Business closures during the pandemic resulted in disproportionate job losses for lower earners. Over time, those employees have come back into the workforce, but the shifting composition of the workforce has complicated point-to-point comparisons.

"It rose from an average of 34.4 hours in 2019 to a peak of 35 hours in January and is now back down to 34.5 hours," Baker said."My story on this is that when employers couldn't find workers, they had their existing workforce put in more hours. Now that labor is less scarce, they have moved hours back down to more normal levels. But fewer hours means less weekly pay."Biden said,"Incomes are up.

Source: Energy Industry News (energyindustrynews.net)

That’s technically true, and half-true at worst. But great job feeding into the “both sides” crap.

Since those are two separate variables If you want to be precise Biden was right.

Well, incomes (taken alone) ARE up, so Biden is accurate. “Inflation” as a simple percentage basis actually affects people differently, depending on what their “market basket” is. Rent vs mortgage just one example. This doesn’t actually affect “income” though. Do better.

Good god you’re bad at your job.

That's quite an interpretation. PolitiFact is being disingenuous.

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