A decline in the purchasing power of American paychecks helped put Donald Trump back in the Oval Office. To gauge the economic slice of the Trump victory over Kamala Harris, my trusty spreadsheet crafted a paycheck power index. It combined three key business yardsticks for the 50 states and the District of Columbia – eight years of average weekly wages paid by private industry bosses, unemployment rates, and nationwide inflation as measured by the Consumer Price Index. Pay hikes were measured against joblessness to approximate how many people got wage boosts.
See How Trump’s Win Got A Boost From Shrinking Paychecks
Jon Lansner, Denver Post: Business
Thu, 11/07/2024 - 10:58am
Topics: office kamala harris columbia consumer price index real estate newsletter home stretch september president biden s finally electoral college s that s dakota nevada arizona georgia michigan inflation pennsylvania wisconsin carolina caveat in california texas florida s bottom hiring americans jonathan lansner southern california news group related articles opinion democrats here s denver central library u.s letters gabe evans congress i american donald trump off harris harris pay biden/harris north no trends what s click boost years power economy states average gap voters grew rate unemployment annual quarter workers weekly measured top wages
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