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.



House GOPers hope Trump keeps door to mineral deal open for Ukraine despite Oval Office dispute
Former Harris 2024 advisor sends warning to Democrats in audience for Trump speech: ‘Do not do dumb sh–‘
Linda McMahon Announces Department of Education’s ‘Final Mission’ After She’s Sworn in as Its Chief
DeSantis takes victory lap on Florida’s ‘momentous immigration legislation’ enforcing Trump agenda
Georgia Trump Supporter Blows Up at Baiting CNN Reporter, Walks Off Mid-Interview: ‘She Ain’t Talking Facts’
Royal Caribbean cruise passenger presumed dead after going overboard on ‘80s-themed voyage, family says
Supreme Court appears skeptical of Mexico’s lawsuit against American gunmakers
Retired US military leaders support letting Israel ‘finish the job’ against Iran, proxies
Liberal dark money groups notch victory as Republican retreat from town halls
Nonprofit founded by San Francisco mayor gives $11 million for pilot program on homelessness
Humiliating Problem Spotted in Schumer, Warren, and Booker’s Trump Attack Videos When They’re Placed Side-by-Side
Zelenskyy Appears to Relent a Day After US Aid Freeze: ‘Ready to Work Under President Trump’s Strong Leadership’
Reporter’s Noteboook: Sorting it out
Los Angeles Mayor Karen Bass recall effort launches
Big Economic Win: Trump Secures Foreign Investment That Dwarfs What Biden Bragged About

See also  Hard-line California Republican teams up with a Democrat for reparations-related bill

“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.


House GOPers hope Trump keeps door to mineral deal open for Ukraine despite Oval Office dispute
Former Harris 2024 advisor sends warning to Democrats in audience for Trump speech: ‘Do not do dumb sh–‘
Linda McMahon Announces Department of Education’s ‘Final Mission’ After She’s Sworn in as Its Chief
DeSantis takes victory lap on Florida’s ‘momentous immigration legislation’ enforcing Trump agenda
Georgia Trump Supporter Blows Up at Baiting CNN Reporter, Walks Off Mid-Interview: ‘She Ain’t Talking Facts’
Royal Caribbean cruise passenger presumed dead after going overboard on ‘80s-themed voyage, family says
Supreme Court appears skeptical of Mexico’s lawsuit against American gunmakers
Retired US military leaders support letting Israel ‘finish the job’ against Iran, proxies
Liberal dark money groups notch victory as Republican retreat from town halls
Nonprofit founded by San Francisco mayor gives $11 million for pilot program on homelessness
Humiliating Problem Spotted in Schumer, Warren, and Booker’s Trump Attack Videos When They’re Placed Side-by-Side
Zelenskyy Appears to Relent a Day After US Aid Freeze: ‘Ready to Work Under President Trump’s Strong Leadership’
Reporter’s Noteboook: Sorting it out
Los Angeles Mayor Karen Bass recall effort launches
Big Economic Win: Trump Secures Foreign Investment That Dwarfs What Biden Bragged About

See also  Publishers increasingly ditching nonfiction paperback books, hurting authors

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  Nonprofit founded by San Francisco mayor gives $11 million for pilot program on homelessness


House GOPers hope Trump keeps door to mineral deal open for Ukraine despite Oval Office dispute
Former Harris 2024 advisor sends warning to Democrats in audience for Trump speech: ‘Do not do dumb sh–‘
Linda McMahon Announces Department of Education’s ‘Final Mission’ After She’s Sworn in as Its Chief
DeSantis takes victory lap on Florida’s ‘momentous immigration legislation’ enforcing Trump agenda
Georgia Trump Supporter Blows Up at Baiting CNN Reporter, Walks Off Mid-Interview: ‘She Ain’t Talking Facts’
Royal Caribbean cruise passenger presumed dead after going overboard on ‘80s-themed voyage, family says
Supreme Court appears skeptical of Mexico’s lawsuit against American gunmakers
Retired US military leaders support letting Israel ‘finish the job’ against Iran, proxies
Liberal dark money groups notch victory as Republican retreat from town halls
Nonprofit founded by San Francisco mayor gives $11 million for pilot program on homelessness
Humiliating Problem Spotted in Schumer, Warren, and Booker’s Trump Attack Videos When They’re Placed Side-by-Side
Zelenskyy Appears to Relent a Day After US Aid Freeze: ‘Ready to Work Under President Trump’s Strong Leadership’
Reporter’s Noteboook: Sorting it out
Los Angeles Mayor Karen Bass recall effort launches
Big Economic Win: Trump Secures Foreign Investment That Dwarfs What Biden Bragged About

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