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Mayor Mamdani: Since 2019, food prices have soared at grocery stores around the country by roughly 30%. Wages have not kept up. Today, I am proud to announce a collection of essential staples that will be predictably 30% cheaper at all five of our city-run grocery stores.

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Wages have in fact kept up (for the median earner) fred.stlouisfed.org/series/LES12...

Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: 16 years and overEmployed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: 16 years and overfred.stlouisfed.org
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J

But, debt burden has outpaced corresponding (by quartile) real wage gains.

J

Wages across the whole income spectrum have increased by more than 30 percent since 2019. Ironically, third quartile wages have increased the least. Can't understand why he's messaging that Biden's economic platform was bad when it wasn't and isn't: fred.stlouisfed.org/graph/?g=1uG3m

FRED GraphFRED Graphfred.stlouisfed.org