Donald Trump is wrong about wage trends
Before meeting with his Cabinet, President Donald Trump held court with the reporters assembled at the White House. Among other topics, Trump discussed some of the economic achievements on his watch: "Wages are rising at the fastest pace in more than a decade, something that people have been waiting for, as you know. When I was campaigning, I was talking about 18 and 20 years, and wages effectively went down. Now, for the first time in a long time, they're starting to go up for people." Previously, we rated a similar statement by Trump about rising wages "finally" coming "after years of wage stagnation" as Mostly False. Trump’s recent statement is more problematic. We looked at the data for what economists say is the best measurement — median usual weekly real earnings for full-time wage and salary workers, 16 years and over. This figure has been calculated quarterly since 1979. In July 1994, median inflation-adjusted wages stood at $314. Our ruling We rate the statement False.
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