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.



Cardinal Demands Vote for New Pope Despite 5 Year Prison Sentence After Unheard of Vatican Trial
Federal Judge in West Texas Stops Immigrant Deportations Under Alien Enemies Act
Trump blasts Putin, questioning if Russian leader wants peace or is just ‘tapping me along’
Trump Levels Crockett: ‘Demeaning to Our Country’
‘No excuse’: Bipartisan fury erupts over New Jersey’s REAL ID backlog
Illegal Alien Arrested After Game of Hide-and-Seek Allegedly Takes a Heinous Turn
Trump and Biden sit rows apart, president meets with Zelensky: Pope Francis funeral takeaways
Experts reveal Trump’s next move could be ‘nail in coffin’ for Biden-era regulations on nicotine
China Orders Airlines Not to Take Deliveries of Boeing Planes
Fox News Digital’s Presidential 100 Days Quiz
Alex Soros in hot seat after left-wing outlet exposes what his dad’s network thinks of his online footprint
Here’s what happened during Trump’s 14th week in office
MSNBC Staffers Realize Something About Rachel Maddow’s New Boss: ‘He Could Have a MAGA Hat at Home’
Trump pays his respects to a pope who publicly and pointedly disagreed with him
Karen Read’s ambulance ride admission becomes flashpoint at second trial

See also  Prediction markets a budding profit center, CEO of futures company says

“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.


Cardinal Demands Vote for New Pope Despite 5 Year Prison Sentence After Unheard of Vatican Trial
Federal Judge in West Texas Stops Immigrant Deportations Under Alien Enemies Act
Trump blasts Putin, questioning if Russian leader wants peace or is just ‘tapping me along’
Trump Levels Crockett: ‘Demeaning to Our Country’
‘No excuse’: Bipartisan fury erupts over New Jersey’s REAL ID backlog
Illegal Alien Arrested After Game of Hide-and-Seek Allegedly Takes a Heinous Turn
Trump and Biden sit rows apart, president meets with Zelensky: Pope Francis funeral takeaways
Experts reveal Trump’s next move could be ‘nail in coffin’ for Biden-era regulations on nicotine
China Orders Airlines Not to Take Deliveries of Boeing Planes
Fox News Digital’s Presidential 100 Days Quiz
Alex Soros in hot seat after left-wing outlet exposes what his dad’s network thinks of his online footprint
Here’s what happened during Trump’s 14th week in office
MSNBC Staffers Realize Something About Rachel Maddow’s New Boss: ‘He Could Have a MAGA Hat at Home’
Trump pays his respects to a pope who publicly and pointedly disagreed with him
Karen Read’s ambulance ride admission becomes flashpoint at second trial

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.

See also  Pope Francis, 1936-2025

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.


Cardinal Demands Vote for New Pope Despite 5 Year Prison Sentence After Unheard of Vatican Trial
Federal Judge in West Texas Stops Immigrant Deportations Under Alien Enemies Act
Trump blasts Putin, questioning if Russian leader wants peace or is just ‘tapping me along’
Trump Levels Crockett: ‘Demeaning to Our Country’
‘No excuse’: Bipartisan fury erupts over New Jersey’s REAL ID backlog
Illegal Alien Arrested After Game of Hide-and-Seek Allegedly Takes a Heinous Turn
Trump and Biden sit rows apart, president meets with Zelensky: Pope Francis funeral takeaways
Experts reveal Trump’s next move could be ‘nail in coffin’ for Biden-era regulations on nicotine
China Orders Airlines Not to Take Deliveries of Boeing Planes
Fox News Digital’s Presidential 100 Days Quiz
Alex Soros in hot seat after left-wing outlet exposes what his dad’s network thinks of his online footprint
Here’s what happened during Trump’s 14th week in office
MSNBC Staffers Realize Something About Rachel Maddow’s New Boss: ‘He Could Have a MAGA Hat at Home’
Trump pays his respects to a pope who publicly and pointedly disagreed with him
Karen Read’s ambulance ride admission becomes flashpoint at second trial

See also  National Mall’s Revolutionary Heroes among upcoming events celebrating patriotism in DC

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