@ObamaLeaf also the 2.9% YOY jump in the jobs report is not inflation adjusted. My guess is the real cost of living is up by more than 3% in the past year. Plus when you adjust for fewer hours worked, the YOY gain in actual earning is actually up just 2.6%

also the 2.9% YOY jump in the jobs report is not inflation adjusted. My guess is the real cost of living is up by more than 3% in the past year. Plus when you adjust for fewer hours worked, the YOY gain in actual earning is actually up just 2.6%

— Peter Schiff (@PeterSchiff) February 2, 2018