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Real hourly wages rise for the first time in decades

No other commander-in-chief in the past six decades has seen that result except for Nixon, who saw 0.8% real wage growth in 1969, and Trump during his first term, when the nation saw 1.3% growth.

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In contrast to the 1.7% decline witnessed during the Biden administration, Trump saw an increase of 1.7% for real wages in the first five months of his second term. File Image.

Real hourly wages have increased for the first time in nearly sixty years, marking an economic win for President Donald Trump that few of his predecessors were able to oversee.

 

In contrast to the 1.7% decline witnessed during the Biden administration, Trump saw an increase of 1.7% for real wages in the first five months of his second term.

 

 

No other commander-in-chief in the past six decades has seen that result except for President Richard Nixon, who saw 0.8% real wage growth in 1969, and Trump during his first term, when the nation saw 1.3% growth.

 

“Blue-collar workers have seen real wages grow almost two percent in the first five months of President Trump’s second term, a stark contrast from the negative wage growth seen during the first five months of the Biden Administration,” the White House remarked in a fact sheet.

 

Treasury Secretary Scott Bessent observed in an interview that “the only other time it’s been this high” was indeed “during President Trump’s first term.”

 

 

“We’ve seen real wages for hourly workers, non-supervisory workers, rise almost 2% in the first five months,” he continued. “No president has done that before.”

 

Bessent added that the discouragement of illegal immigration has played a role in improving wages for families. “Biden opened the border, and it was flooded,” he said. “And for working Americans, that’s a disaster because it’s pressure on their wages.”

 

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