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.



Trump says ‘hatred’ between Putin, Zelenskyy blocking Ukraine peace deal
Trump touts US has ‘tremendous’ amount of Venezuelan oil, vows to ‘take care’ of Cuba after Iran focus
Major Hospital Stops Providing Some Trans Surgeries to Adults
Florida Democrat Insults Charlie Kirk’s Memory in Disgusting Protest of Day of Remembrance
Newsom rips Noem as ‘Kosplay Barbie’ over $220M ad campaign, demands DHS release $500M for LA wildfires
In an Unexpected SCOTUS Moment, Justice Gorsuch Educated the Court on How Much Founding Fathers Drank – It Was Apparently a Lot
Teens inspired by ‘Scream’ recorded ‘first kill’ plot before stabbing classmate to death
White Cops in Philadelphia Sue City Over Alleged Racial Discrimination
Vocal anti-Trump Dem reveals which industry is trying to oust him from House seat: ‘I was a target’
Driver accused of attempting to mow down cop during street takeover strolls free hours later on $3K bond
Revealed: The Epic 3-Word Message That Popped Up on Potentially Millions of Israeli-Hacked Iranian Phones Just Before the Bombs Dropped
Minnesota Fraud Probe Could End with Criminal Referrals, Says House Oversight Chairman
Nancy Pelosi doubles down on defending Obama’s strikes on Libya while attacking Trump: ‘Read the law’
Noem reveals Trump will have ‘big agreement’ to announce at major summit with world leaders
Pelosi and Newsom may need to put an end to California’s ‘circular firing squad’ to avoid a midterm shock

See also  Natural gas prices surge worldwide as Iran conflict crimps supply

“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.


Trump says ‘hatred’ between Putin, Zelenskyy blocking Ukraine peace deal
Trump touts US has ‘tremendous’ amount of Venezuelan oil, vows to ‘take care’ of Cuba after Iran focus
Major Hospital Stops Providing Some Trans Surgeries to Adults
Florida Democrat Insults Charlie Kirk’s Memory in Disgusting Protest of Day of Remembrance
Newsom rips Noem as ‘Kosplay Barbie’ over $220M ad campaign, demands DHS release $500M for LA wildfires
In an Unexpected SCOTUS Moment, Justice Gorsuch Educated the Court on How Much Founding Fathers Drank – It Was Apparently a Lot
Teens inspired by ‘Scream’ recorded ‘first kill’ plot before stabbing classmate to death
White Cops in Philadelphia Sue City Over Alleged Racial Discrimination
Vocal anti-Trump Dem reveals which industry is trying to oust him from House seat: ‘I was a target’
Driver accused of attempting to mow down cop during street takeover strolls free hours later on $3K bond
Revealed: The Epic 3-Word Message That Popped Up on Potentially Millions of Israeli-Hacked Iranian Phones Just Before the Bombs Dropped
Minnesota Fraud Probe Could End with Criminal Referrals, Says House Oversight Chairman
Nancy Pelosi doubles down on defending Obama’s strikes on Libya while attacking Trump: ‘Read the law’
Noem reveals Trump will have ‘big agreement’ to announce at major summit with world leaders
Pelosi and Newsom may need to put an end to California’s ‘circular firing squad’ to avoid a midterm shock

See also  Judge to allow sex offender to question witnesses in Virginia locker room case

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  ‘Create a crisis’: Mainstream professor group partners with DSA to unleash anti-ICE chaos on campuses


Trump says ‘hatred’ between Putin, Zelenskyy blocking Ukraine peace deal
Trump touts US has ‘tremendous’ amount of Venezuelan oil, vows to ‘take care’ of Cuba after Iran focus
Major Hospital Stops Providing Some Trans Surgeries to Adults
Florida Democrat Insults Charlie Kirk’s Memory in Disgusting Protest of Day of Remembrance
Newsom rips Noem as ‘Kosplay Barbie’ over $220M ad campaign, demands DHS release $500M for LA wildfires
In an Unexpected SCOTUS Moment, Justice Gorsuch Educated the Court on How Much Founding Fathers Drank – It Was Apparently a Lot
Teens inspired by ‘Scream’ recorded ‘first kill’ plot before stabbing classmate to death
White Cops in Philadelphia Sue City Over Alleged Racial Discrimination
Vocal anti-Trump Dem reveals which industry is trying to oust him from House seat: ‘I was a target’
Driver accused of attempting to mow down cop during street takeover strolls free hours later on $3K bond
Revealed: The Epic 3-Word Message That Popped Up on Potentially Millions of Israeli-Hacked Iranian Phones Just Before the Bombs Dropped
Minnesota Fraud Probe Could End with Criminal Referrals, Says House Oversight Chairman
Nancy Pelosi doubles down on defending Obama’s strikes on Libya while attacking Trump: ‘Read the law’
Noem reveals Trump will have ‘big agreement’ to announce at major summit with world leaders
Pelosi and Newsom may need to put an end to California’s ‘circular firing squad’ to avoid a midterm shock

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