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.



Another Country Singer Betrays: Built Career on Decent Fans, Now Zach Bryan Trades Them for Terror Apologists
DNA testing confirms body of flight attendant who was killed and thrown from bridge
Watch: Tom Homan Leaves CBS Journalist Speechless, Frozen on Camera With Simple ICE Question He Can’t Answer
Lethal injection survivor Christa Pike’s former satanist boyfriend could be released in 5 years
NYT columnist thrashed online for suggesting Trump is to blame for alleged Cornell gang rape
Millions saved by blocking dead people payouts as Trump Treasury drops hammer on federal fraud
‘Project 1619’ Marxist Creator’s Full Degeneracy Revealed: Her Sick Response When Daughter Told Her She Wanted to Be the Best
Watch: The Priceless Moment Fetterman Accidentally Declares He’s a Lifelong Republican – So Would He Be a Good One?
Battle over Daylight Saving Time erupts as push to stop changing clocks hits Senate wall
President Trump endorses Wyoming’s secretary of state for US House of Representatives
Roger Marshall wants you to know he’s a real Kansan: Fishing, back roads, and a cabin called home
Rob Wittman’s long Washington run faces a tough test in Virginia
NYPD detective released from hospital after being stabbed multiple times in Bronx
Massachusetts felon pleads guilty after DOJ says he sold Russian plutonium to 67 customers
Nobu chef killed after teen driver crashes into parked car in California

See also  Somali former aide to Minneapolis mayor sentenced in Feeding Our Future fraud case

“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.


Another Country Singer Betrays: Built Career on Decent Fans, Now Zach Bryan Trades Them for Terror Apologists
DNA testing confirms body of flight attendant who was killed and thrown from bridge
Watch: Tom Homan Leaves CBS Journalist Speechless, Frozen on Camera With Simple ICE Question He Can’t Answer
Lethal injection survivor Christa Pike’s former satanist boyfriend could be released in 5 years
NYT columnist thrashed online for suggesting Trump is to blame for alleged Cornell gang rape
Millions saved by blocking dead people payouts as Trump Treasury drops hammer on federal fraud
‘Project 1619’ Marxist Creator’s Full Degeneracy Revealed: Her Sick Response When Daughter Told Her She Wanted to Be the Best
Watch: The Priceless Moment Fetterman Accidentally Declares He’s a Lifelong Republican – So Would He Be a Good One?
Battle over Daylight Saving Time erupts as push to stop changing clocks hits Senate wall
President Trump endorses Wyoming’s secretary of state for US House of Representatives
Roger Marshall wants you to know he’s a real Kansan: Fishing, back roads, and a cabin called home
Rob Wittman’s long Washington run faces a tough test in Virginia
NYPD detective released from hospital after being stabbed multiple times in Bronx
Massachusetts felon pleads guilty after DOJ says he sold Russian plutonium to 67 customers
Nobu chef killed after teen driver crashes into parked car in California

See also  Illinois officials released more than 500 criminal immigrants despite ICE detainers, House GOP report finds

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  Illinois officials released more than 500 criminal immigrants despite ICE detainers, House GOP report finds


Another Country Singer Betrays: Built Career on Decent Fans, Now Zach Bryan Trades Them for Terror Apologists
DNA testing confirms body of flight attendant who was killed and thrown from bridge
Watch: Tom Homan Leaves CBS Journalist Speechless, Frozen on Camera With Simple ICE Question He Can’t Answer
Lethal injection survivor Christa Pike’s former satanist boyfriend could be released in 5 years
NYT columnist thrashed online for suggesting Trump is to blame for alleged Cornell gang rape
Millions saved by blocking dead people payouts as Trump Treasury drops hammer on federal fraud
‘Project 1619’ Marxist Creator’s Full Degeneracy Revealed: Her Sick Response When Daughter Told Her She Wanted to Be the Best
Watch: The Priceless Moment Fetterman Accidentally Declares He’s a Lifelong Republican – So Would He Be a Good One?
Battle over Daylight Saving Time erupts as push to stop changing clocks hits Senate wall
President Trump endorses Wyoming’s secretary of state for US House of Representatives
Roger Marshall wants you to know he’s a real Kansan: Fishing, back roads, and a cabin called home
Rob Wittman’s long Washington run faces a tough test in Virginia
NYPD detective released from hospital after being stabbed multiple times in Bronx
Massachusetts felon pleads guilty after DOJ says he sold Russian plutonium to 67 customers
Nobu chef killed after teen driver crashes into parked car in California

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