Shocking data revision by feds: Americans’ wages dropped 4.2% instead of rising in the first quarter

Wages for Americans are dropping at a rapid rate, instead of rising as the feds had claimed.  This shocking news – making President Obama’s claim that the economy has recovered from the great recession laughable – was buried in a report on second-quarter earnings and has barely registered in the nation’s media, which are anxious to elect Hillary Clinton. Neil Munro of Breitbart summarizes the changes: “Real hourly compensation decreased 0.4 percent after revision, rather than the previously-published increase of 4.2 percent,” the BLS admitted. Compensation also fell another 1.4 percent in the second quarter, from April to June, the BLS admitted in the same report. That’s 2 percent drop in wages since December. Pay shrank 0.3 percent in 2013, rose a mere 1.1 percent in 2014, but rose a promising 2.7 percent in 2015, according to the BLS. Based on the erroneous data, President Obama has been taking...(Read Full Post)