Finance • News • Opinons • Politics

Working Class Secures Largest Wage Hikes Thanks to Tight Labor Market

The bottom 25 percent of American wage earners secured the largest wage hikes year-to-year compared to all others for November, newly released data reveals, thanks to President Trump’s tightening of the United States labor market.

Data from the Federal Reserve Bank of Atlanta shows that for the lowest wage earners, Trump’s “Buy American, Hire American” economy has delivered the quickest rate of wage hikes in more than a decade.

In November, the bottom 25 percent of wage earners saw their wages rise 4.5 percent compared to November 2018. These bottom-tier workers, those earning less than all other Americans, have secured a labor market that now resembles the labor market of top-tier workers — a result of less low-skilled foreign competition against Americans through increased interior immigration enforcement.



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?
Big GOP Midterm News: Polling in 9 Key Senate Races Shows GOP Candidates Leading
Democrats see new chances to flip red states — but a $400M GOP spending advantage could derail their plans
SC Dem Senate candidate claims she will stand up to her party as Graham ties her to ‘socialist Democrats’
Pennsylvania gunman who killed 8 was grandfather who seemed normal, victim relatives say
Immigration enforcement officials search Ilhan Omar’s home in pre-dawn raid
Trump’s backyard is quietly transforming into ‘Silicon Valley South’ as wealthy Americans flock in
Jim Justice could shake up West Virginia politics with ‘clash of the titans’ 2028 governor run
Suspect in deadly Philadelphia police ambush faces 76 charges, ordered held without bail
Maduro-linked fugitive nabbed over alleged scheme to cash in on Venezuelans’ basic needs
Pregnant mom just 4 days from giving birth among 8 killed in Pennsylvania massacre: reports
Minnesota homecoming shooting suspect out on bond after gunfire sends football fans fleeing
Trump and Rubio weigh firing Kimberly Guilfoyle as misconduct and donor bailout allegations mount
Three men found guilty of murdering Australian brothers and American friend on Mexico surfing trip

See also  DeSantis presses reluctant Floridians for swift evacuations as Hurricane Isaias strengthens

“A strong labor market makes the bargaining power of lower-paid workers more like the labor market higher-wage workers experience during good times and bad,” Indeed.com economist Nick Bunker told the Wall Street Journal.


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?
Big GOP Midterm News: Polling in 9 Key Senate Races Shows GOP Candidates Leading
Democrats see new chances to flip red states — but a $400M GOP spending advantage could derail their plans
SC Dem Senate candidate claims she will stand up to her party as Graham ties her to ‘socialist Democrats’
Pennsylvania gunman who killed 8 was grandfather who seemed normal, victim relatives say
Immigration enforcement officials search Ilhan Omar’s home in pre-dawn raid
Trump’s backyard is quietly transforming into ‘Silicon Valley South’ as wealthy Americans flock in
Jim Justice could shake up West Virginia politics with ‘clash of the titans’ 2028 governor run
Suspect in deadly Philadelphia police ambush faces 76 charges, ordered held without bail
Maduro-linked fugitive nabbed over alleged scheme to cash in on Venezuelans’ basic needs
Pregnant mom just 4 days from giving birth among 8 killed in Pennsylvania massacre: reports
Minnesota homecoming shooting suspect out on bond after gunfire sends football fans fleeing
Trump and Rubio weigh firing Kimberly Guilfoyle as misconduct and donor bailout allegations mount
Three men found guilty of murdering Australian brothers and American friend on Mexico surfing trip

See also  Federal agents conduct predawn search of Ilhan Omar’s home in Washington

Overall wage growth year-to-year stands at about 3.6 percent. When broken down by industry, Americans in construction, mining, finance, hospitality, and manufacturing are all enjoying some of the highest wage growth in the country.

Americans in finance, for instance, secured 4.1 percent wage growth year-to-year, while those in the construction and mining industry — where Americans are most likely to compete against lower-wage illegal aliens — have secured four percent wage growth. Manufacturing workers, as well, have gotten a four percent wage hike year-to-year.

For the first year in decades, the U.S. economy has tipped toward American workers rather than employers in terms of the labor market. Today, due to less foreign competition, workers have more chances to seek out the highest-paying job. For decades, it was employers who would bid on workers.

President of the Mooyah Burgers restaurant chain, Tony Darden, told the Wall Street Journal that the tightening of the labor market has forced wages up for his employees:

“The effective labor pool is smaller than what it has been in the past,” said Tony Darden, Mooyah’s president. “As you look to bring on folks, ultimately higher wages are used to attract them.” [Emphasis added]

Experts, though, have warned that huge surges in illegal immigration — and increased legal immigration levels — can quickly diminish wage gains for America’s working and middle class.

See also  DeSantis presses reluctant Floridians for swift evacuations as Hurricane Isaias strengthens


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?
Big GOP Midterm News: Polling in 9 Key Senate Races Shows GOP Candidates Leading
Democrats see new chances to flip red states — but a $400M GOP spending advantage could derail their plans
SC Dem Senate candidate claims she will stand up to her party as Graham ties her to ‘socialist Democrats’
Pennsylvania gunman who killed 8 was grandfather who seemed normal, victim relatives say
Immigration enforcement officials search Ilhan Omar’s home in pre-dawn raid
Trump’s backyard is quietly transforming into ‘Silicon Valley South’ as wealthy Americans flock in
Jim Justice could shake up West Virginia politics with ‘clash of the titans’ 2028 governor run
Suspect in deadly Philadelphia police ambush faces 76 charges, ordered held without bail
Maduro-linked fugitive nabbed over alleged scheme to cash in on Venezuelans’ basic needs
Pregnant mom just 4 days from giving birth among 8 killed in Pennsylvania massacre: reports
Minnesota homecoming shooting suspect out on bond after gunfire sends football fans fleeing
Trump and Rubio weigh firing Kimberly Guilfoyle as misconduct and donor bailout allegations mount
Three men found guilty of murdering Australian brothers and American friend on Mexico surfing trip

Despite calls for more foreign workers from corporate interests and the big business lobby, there remain about 11.5 million Americans who are either unemployed, underemployed, or out of the labor market – all of whom want good-paying full-time jobs.

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter