DNC Chair Tom Perez: "Real Wage Growth" Doesn't Help Against Cost-of-Living Inflation


DNC Chair, and former Obama Secretary of Labor, Tom Perez is confronted by CNN's Jake Tapper about how wage growth now is better than in seven of the eight years of the Obama presidency and for all four years of Perez’s Department of Labor tenure.

"Here's the problem: real wage growth. If you have real wage growth of 3% and your cost of living goes up 5%, you're not even treading water, and that's the problem across America," Tom Perez explained. "The issue now is inflation."

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