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.



3rd arrested in violent overnight home invasion, multiple illegal aliens accused of sexual assault, kidnapping
Family speaks of ‘profound pain’ after trans dad guns down ex-wife, son at high school hockey game
Democrats risk FEMA disaster funding collapse as DHS shutdown hits Day 5
City-run board cancels lease of Israel drone supplier sparking backlash toward Mamdani: ‘Ludicrous’
Nightmare Beach: 8 Severed Human Heads Found on Beach with Disturbing Pamphlets Nearby
Hugh Hefner’s Widow Scrambling to Recover 3,000 of Husband’s Private Photo Albums Possibly Containing Child Pornography
CNN, After Bleeding Millions of Viewers, Rolls Out Documentary Targeting Patriotic Christians
Trump orders complete withdrawal of all troops from Syria within two months: report
US-Iran conflict: All sides brace for war as ‘nothing burger’ nuclear negotiations prove fruitless
Watch: Trump Posts Loving Tribute to Rush Limbaugh on Fifth Anniversary of His Death, Says ‘There Will Never Be Another Rush Limbaugh’
Missile defense race shifts to space as experts say real battle is in first minutes after launch
FBI Director Patel says investigators have found antifa funding sources
Border protocols automatically triggered in search for Nancy Guthrie, retired agent says
FBI joins probe in murder of Christian teacher shot in Ohio home as ‘American Idol’ husband, children slept
Report: Legacy Media ‘Journalist’ Caught Giving Marco Rubio the Finger During Press Conference

See also  FBI Director Patel says investigators have found antifa funding sources

“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.


3rd arrested in violent overnight home invasion, multiple illegal aliens accused of sexual assault, kidnapping
Family speaks of ‘profound pain’ after trans dad guns down ex-wife, son at high school hockey game
Democrats risk FEMA disaster funding collapse as DHS shutdown hits Day 5
City-run board cancels lease of Israel drone supplier sparking backlash toward Mamdani: ‘Ludicrous’
Nightmare Beach: 8 Severed Human Heads Found on Beach with Disturbing Pamphlets Nearby
Hugh Hefner’s Widow Scrambling to Recover 3,000 of Husband’s Private Photo Albums Possibly Containing Child Pornography
CNN, After Bleeding Millions of Viewers, Rolls Out Documentary Targeting Patriotic Christians
Trump orders complete withdrawal of all troops from Syria within two months: report
US-Iran conflict: All sides brace for war as ‘nothing burger’ nuclear negotiations prove fruitless
Watch: Trump Posts Loving Tribute to Rush Limbaugh on Fifth Anniversary of His Death, Says ‘There Will Never Be Another Rush Limbaugh’
Missile defense race shifts to space as experts say real battle is in first minutes after launch
FBI Director Patel says investigators have found antifa funding sources
Border protocols automatically triggered in search for Nancy Guthrie, retired agent says
FBI joins probe in murder of Christian teacher shot in Ohio home as ‘American Idol’ husband, children slept
Report: Legacy Media ‘Journalist’ Caught Giving Marco Rubio the Finger During Press Conference

See also  Fani Willis slams $17 million legal fees demand from Trump and former codefendants

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  Congress investigates NASA over funding ‘bilateral collaboration’ with CCP


3rd arrested in violent overnight home invasion, multiple illegal aliens accused of sexual assault, kidnapping
Family speaks of ‘profound pain’ after trans dad guns down ex-wife, son at high school hockey game
Democrats risk FEMA disaster funding collapse as DHS shutdown hits Day 5
City-run board cancels lease of Israel drone supplier sparking backlash toward Mamdani: ‘Ludicrous’
Nightmare Beach: 8 Severed Human Heads Found on Beach with Disturbing Pamphlets Nearby
Hugh Hefner’s Widow Scrambling to Recover 3,000 of Husband’s Private Photo Albums Possibly Containing Child Pornography
CNN, After Bleeding Millions of Viewers, Rolls Out Documentary Targeting Patriotic Christians
Trump orders complete withdrawal of all troops from Syria within two months: report
US-Iran conflict: All sides brace for war as ‘nothing burger’ nuclear negotiations prove fruitless
Watch: Trump Posts Loving Tribute to Rush Limbaugh on Fifth Anniversary of His Death, Says ‘There Will Never Be Another Rush Limbaugh’
Missile defense race shifts to space as experts say real battle is in first minutes after launch
FBI Director Patel says investigators have found antifa funding sources
Border protocols automatically triggered in search for Nancy Guthrie, retired agent says
FBI joins probe in murder of Christian teacher shot in Ohio home as ‘American Idol’ husband, children slept
Report: Legacy Media ‘Journalist’ Caught Giving Marco Rubio the Finger During Press Conference

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