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"We're going to get to a place where America makes stuff again, real wages are going to be up, profits are going to be up".

Real wages have been growing for a year-and-a-half running.

Frustrating to Democratic stalwarts is the fact that not all voters have been moved by improving economic indicators, with the buying power of “real wages” growing nationally over the last year.

According to a much-cited academic study by Alan S. Blinder and Mark W. Watson, that’s been true at least since from the Truman administration through Barack Obama’s first term, and is true in every major economic category: GDP growth, job creation, unemployment, growth in real wages and controlling inflation.

As far as I can tell, administration officials, including Biden himself, talk about low unemployment, falling inflation and rising real wages — and do so very carefully, studiously avoiding the bombast and excessive boasting so common in the previous administration.