Scott Bessent claims US economy has shifted to ‘C economy’ as lower wages outpace inflation

Scott Bessent core inflation wage growth C economy mass deportations

US Treasury Secretary Scott Bessent stated that the American economy has shifted from a ‘K-shaped’ model to a ‘C economy,’ characterized by more equitable growth. He noted that wages for workers in the bottom 25% of the income distribution grew by 5.5% over the past year, while those in the top quartile saw an increase of approximately 1.5%.

This wage growth for lower earners has outpaced the annual core Consumer Price Index (CPI), which fell to 2.5% in July. Bessent argued that these figures demonstrate a positive real wage gap for lower-paid workers, suggesting that economic gains are becoming more broadly distributed across different income levels.

Entities

Scott Bessent · US Treasury

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] The US economy has transitioned from a K-shaped pattern to a C-shaped economy. coingape.com · cryptobriefing.com
[● 2 SOURCES] Core CPI, excluding food and energy, fell to 2.5% annually in July. coingape.com · cryptobriefing.com
[● 2 SOURCES] Wages for workers in the highest quartile rose approximately 1.5% during the same period. coingape.com · cryptobriefing.com
[● 2 SOURCES] Wages for workers in the bottom 25% of the income distribution increased 5.5% over the past year. coingape.com · cryptobriefing.com

Sources

Scott Bessent Says US Core Inflation Falls to 2. 5% as Lower Wage Workers Gain 5. 5% [coingape.com]

2 days ago

US Treasury Secretary Bessent declares end of K-shaped economy as lower earners see 5. 5% wage growth [cryptobriefing.com]

2 days ago

Scott Bessent Delivers the Powerful Economic Case for Mass Deportations [WATCH] [www.lifezette.com]

1 day ago

'This is Trump's economy': Nobel winner butchers president's claims [www.alternet.org]

2 days ago