Biden's economic legacy: Historic wage gains, investment and job growth but marred by inflation

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Biden's economic legacy: Historic wage gains, investment and job growth but marred by inflation

//business-finance.news-articles.net/content/202 .. ment-and-job-growth-but-marred-by-inflation.html

Published in Business and Finance on Sunday, January 19th 2025 at 11:40 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

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The article from MSN discusses President Joe Biden's economic legacy, highlighting both the achievements and challenges during his term. Key points include historic wage gains, with real wages for low-wage workers increasing by 12.1% since the start of the recovery, and significant job growth, with 13.2 million jobs added, surpassing the job creation of the previous three administrations combined. Biden's administration has also seen substantial investments in infrastructure, clean energy, and manufacturing, aiming to reshape the U.S. economy for the future. However, these gains are overshadowed by persistent inflation, which has eroded some of the wage increases, with inflation-adjusted wages still below pre-COVID levels for many. Despite these economic strides, public perception remains mixed, with many Americans feeling the pinch of higher prices, leading to a complex legacy where economic growth is juxtaposed with the cost-of-living crisis.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/biden-s-economic-legacy-historic-wage-gains-investment-and-job-growth-but-marred-by-inflation/ar-AA1xsbEv ]