evidence: Biden replied, "Wage increases have exceeded what the cost of inflation, which you’re talking about as the prices that were pre-COVID prices." [...] Responding to an interviewer’s question about cumulative inflation since he took office, Biden said wage increases have exceeded the cost of inflation. [...] An alternative measure calculated by a Democratic congressional committee, considered credible by economists, found per capita wage increases outpacing inflation from January 2021 to October 2023.