Commentary The Biden pay cut just got more severe as surging inflation reduces Americans’ real wages and living standards. On Wednesday, the Labor Department announced that the consumer price index increased by 6.2 percent over the last year, the fastest pace in over 30 years. October marks the sixth consecutive month that inflation has grown by 5 percent or more on a year-over-year basis—significantly outpacing wage growth and putting Americans further and further behind. Bidenflation is the next pandemic. The topline CPI number obscures even higher inflation among commodities like food and energy that Americans actually consume. When you strip out deflationary tech products from the index, price increases are even more substantial. The price of gas is up 50 percent over the last year, and the cost of fuel oil to heat homes has risen nearly 60 percent. The price of beef is up 20 percent and pork 14 percent. Americans are staring …
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