President Trump’s tight labor market has given American workers huge wage, workplace, and employment leverage over employers, a new report details.
Larger and smaller employers described to the Wall Street Journal a job market and economy that has forced them to attract American workers with higher wages and better benefits. The shift, they said, is an economy that has turned over leverage from employers to U.S. workers.
The Wall Street Journal reports:
Larger companies tend to pay more than small firms, and they are handing out bigger raises. Businesses with 500 to 999 employees boosted wages in the first quarter by an average of 5.3% from a year earlier, according to the Moody’s analysis. That compared with a 4.1% average pay increase at companies with fewer than 50 employees. [Emphasis added]
Natasha Miller, chief executive of Entire Productions Inc., a 10-person event-planning company, is holding off on adding another account executive because of the San Francisco Bay Area’s tight job market. “Most everyone has a job and a base salary of at least $110,000 a year,” said Ms. Miller, who is instead trying to get the most out of existing employees. “That’s a lot of money. There is a lot of competition.” [Emphasis added]
Watch: Fireworks as Black Student and Talarico Voters Meet – Begin Hating, Attacking Each Other in Seconds
Coworker accused of slashing woman’s throat during ride home, victim escaped moving car: police
Ouch: ‘Saturday Night Live’ Turns Jelly Roll Into a Punchline
DNC Chair Ken Martin defends ‘Big Tent’ strategy when pressed on democratic socialists
Mamdani unveils sweeping NYPD use-of-force review, but stops short of fulfilling key campaign promises
Retired police sergeant shoots deputy chief wife and their daughter in wealthy, coastal enclave home
Ilhan Omar Tries to Talk Tough in Response to DHS Raid, But One Glaring Detail Betrays Her Cowardice
Keep Paying Up to 27% – Or Take Two Minutes to Check If You Qualify for 0%
Hackers target refrigerators at French supermarkets, overheating them and causing fires
Ilhan Omar says she will ‘not be silenced’ following raid on Washington home
Biden-appointed judge with history of fiery Trump clashes erupts at DOJ: ‘You’ve lost all credibility!’
AIPAC takes another shot at el Sayed and hands Rogers a political gamble in Michigan Senate race
Republican lawmakers break with Trump on diesel deal with Russia
Federal agents conduct predawn search of Ilhan Omar’s home in Washington
Watch: Talarico Said He Went to Urgent Care, Now Says He Went to His Doctor 200 Miles Away – What Do We Know?…
As the job market tightens, some small firms are experimenting with new ways of recruiting. Judy Briggs, owner of a cleaning business in Boston with seven employees, has hired three people since she began providing bonuses for referrals in November. Workers can earn $100 if a new recruit stays 30 days, plus $250 after 90 days and $500 after one year. [Emphasis added]
Smaller employers, the Wall Street Journal notes, are having a tougher time in terms of competing for American workers in the tight labor market. These small businesses of often less than 20 employees have grown by less than one percent in March and April compared to the same months last year.
At a cybersecurity firm in Minneapolis, the chief executive told the Wall Street Journalthat he has had to boost wages for existing employees because they realized they were not making as much as new hires — emblematic of an economy where U.S. workers have more pull with their employers.
Other smaller companies are mechanizing with automation. A small business owner, whom the Wall Street Journal spoke to in Fort Smith, Arkansas, said the tight labor market has spurred them to invest more than $350,000 over three years in automation at the company.
Watch: Fireworks as Black Student and Talarico Voters Meet – Begin Hating, Attacking Each Other in Seconds
Coworker accused of slashing woman’s throat during ride home, victim escaped moving car: police
Ouch: ‘Saturday Night Live’ Turns Jelly Roll Into a Punchline
DNC Chair Ken Martin defends ‘Big Tent’ strategy when pressed on democratic socialists
Mamdani unveils sweeping NYPD use-of-force review, but stops short of fulfilling key campaign promises
Retired police sergeant shoots deputy chief wife and their daughter in wealthy, coastal enclave home
Ilhan Omar Tries to Talk Tough in Response to DHS Raid, But One Glaring Detail Betrays Her Cowardice
Keep Paying Up to 27% – Or Take Two Minutes to Check If You Qualify for 0%
Hackers target refrigerators at French supermarkets, overheating them and causing fires
Ilhan Omar says she will ‘not be silenced’ following raid on Washington home
Biden-appointed judge with history of fiery Trump clashes erupts at DOJ: ‘You’ve lost all credibility!’
AIPAC takes another shot at el Sayed and hands Rogers a political gamble in Michigan Senate race
Republican lawmakers break with Trump on diesel deal with Russia
Federal agents conduct predawn search of Ilhan Omar’s home in Washington
Watch: Talarico Said He Went to Urgent Care, Now Says He Went to His Doctor 200 Miles Away – What Do We Know?
“We are seeing more people switching jobs,” the business owner said. “Five years ago, we were getting overqualified people for our positions. The market has turned on us.”
Trump’s economic nationalist model of higher wages and less foreign competition — mostly through increased interior immigration enforcement — has delivered major gains for even the country’s blue-collar workforce, as Breitbart News has chronicled.
“The tight labor market is affording opportunities to those who have historically been overlooked by employers,” White House senior adviser Ivanka Trump said a few months ago.
Most recently, the New York Times acknowledged that the shortage of available foreign workers to business has hiked wages for blue-collar Americans. Likewise, on dairy farms, legal immigrant workers have enjoyed wage hikes and better workplace conditions.
Blue-collar and middle-class wages, overall, have jumped four percent over the last 12 months thanks to Trump’s tightened labor market, Goldman Sachs analysis revealed in March.
Experts like former Kansas Secretary of State Kris Kobach have warned that the administration should make significant changes, executively, in terms of its strategy in stemming illegal immigration to ensure that wage hikes for blue-collar and working-class Americans continue.
Story cited here.
