It’s Not a Happy Labor Day for American Workers Under Biden’s Economy
This op-ed originally appeared in the Daily Caller.
The spirit of the American worker is the very foundation of our great Nation. There is no force more potent, when left to be free, to prosper, and to flourish. From 2017 to 2020, American workers experienced once of the greatest and most robust economies in U.S. history, which featured the lowest unemployment rate in half a century, consistent wage increases, and a clear path out of poverty for millions of low-income Americans.
Unfortunately, as we take time this Labor Day to reflect on the state of the American worker after two and a half years under the Biden Administration, the current reality is much more grim. Workers today are struggling—and no amount of “Bidenomics” will change that.
Economic indicators tell a bleak story. Inflation hit 40-year high last year due to the Biden Administration’s reckless $6 trillion spending spree, and prices have risen by 17% under this administration. Interest rates have continued to increase. And for just the second time in history, Fitch Ratings has downgraded our Nation’s long-term credit rating.
Read the full op-ed in the Daily Caller.