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.



Judge rules NYC’s lone Republican congressional district unconstitutional, orders redraw
Rahm Emanuel calls for mandatory retirement age of 75 for people in public office
Teen mass killer pleads guilty to NC rampage that left five dead, including brother, police officer
Barron Trump Saved a Woman’s Life as She Was Being Beaten by Her Boyfriend in UK, Reported Victim Says
Organizer of GoFundMe for ‘agitating the Nazis’ involved in anti-ICE uprising at Minneapolis church
Jury reaches verdict in trial of ex-Uvalde school police officer accused of failing to confront gunman
BREAKING: Brace for Riots – Cuban Illegal / Child Molester’s Death in ICE Custody Ruled Homicide, Despite Fact That Testimony Came from Other Detainees
Top NATO official reveals details of stunning meeting with Trump that produced Greenland deal ‘framework’
Appeals court hands Trump admin ‘victory’ in Minnesota ICE force restrictions case
Noem and Lewandowski waged campaign to oust Trump’s border leader: Sources
Backfire: TDSing European Parliament Member Gets Shut Down in Assembly When His Anti-Trump Fit Goes Way Too Far
Somali-born activist praises Trump’s stark warning at Davos speech: ‘Priority No. 1’
Alert: Bill and Hillary Clinton Found to Be in Contempt of Congress by House Oversight Committee in Bipartisan Vote
Only one House Democrat joined GOP to repeal ‘short-circuiting’ Biden-era regulation
Newsom claims Trump administration blocked his Davos speaking engagement

See also  Organizer of GoFundMe for ‘agitating the Nazis’ involved in anti-ICE uprising at Minneapolis church

“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.


Judge rules NYC’s lone Republican congressional district unconstitutional, orders redraw
Rahm Emanuel calls for mandatory retirement age of 75 for people in public office
Teen mass killer pleads guilty to NC rampage that left five dead, including brother, police officer
Barron Trump Saved a Woman’s Life as She Was Being Beaten by Her Boyfriend in UK, Reported Victim Says
Organizer of GoFundMe for ‘agitating the Nazis’ involved in anti-ICE uprising at Minneapolis church
Jury reaches verdict in trial of ex-Uvalde school police officer accused of failing to confront gunman
BREAKING: Brace for Riots – Cuban Illegal / Child Molester’s Death in ICE Custody Ruled Homicide, Despite Fact That Testimony Came from Other Detainees
Top NATO official reveals details of stunning meeting with Trump that produced Greenland deal ‘framework’
Appeals court hands Trump admin ‘victory’ in Minnesota ICE force restrictions case
Noem and Lewandowski waged campaign to oust Trump’s border leader: Sources
Backfire: TDSing European Parliament Member Gets Shut Down in Assembly When His Anti-Trump Fit Goes Way Too Far
Somali-born activist praises Trump’s stark warning at Davos speech: ‘Priority No. 1’
Alert: Bill and Hillary Clinton Found to Be in Contempt of Congress by House Oversight Committee in Bipartisan Vote
Only one House Democrat joined GOP to repeal ‘short-circuiting’ Biden-era regulation
Newsom claims Trump administration blocked his Davos speaking engagement

See also  What will Trump’s Greenland obsession mean for the future of NATO?

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  Noem and Lewandowski waged campaign to oust Trump’s border leader: Sources


Judge rules NYC’s lone Republican congressional district unconstitutional, orders redraw
Rahm Emanuel calls for mandatory retirement age of 75 for people in public office
Teen mass killer pleads guilty to NC rampage that left five dead, including brother, police officer
Barron Trump Saved a Woman’s Life as She Was Being Beaten by Her Boyfriend in UK, Reported Victim Says
Organizer of GoFundMe for ‘agitating the Nazis’ involved in anti-ICE uprising at Minneapolis church
Jury reaches verdict in trial of ex-Uvalde school police officer accused of failing to confront gunman
BREAKING: Brace for Riots – Cuban Illegal / Child Molester’s Death in ICE Custody Ruled Homicide, Despite Fact That Testimony Came from Other Detainees
Top NATO official reveals details of stunning meeting with Trump that produced Greenland deal ‘framework’
Appeals court hands Trump admin ‘victory’ in Minnesota ICE force restrictions case
Noem and Lewandowski waged campaign to oust Trump’s border leader: Sources
Backfire: TDSing European Parliament Member Gets Shut Down in Assembly When His Anti-Trump Fit Goes Way Too Far
Somali-born activist praises Trump’s stark warning at Davos speech: ‘Priority No. 1’
Alert: Bill and Hillary Clinton Found to Be in Contempt of Congress by House Oversight Committee in Bipartisan Vote
Only one House Democrat joined GOP to repeal ‘short-circuiting’ Biden-era regulation
Newsom claims Trump administration blocked his Davos speaking engagement

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