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.



ICC president decries being sanctioned by US: ‘Demise of international rule of law’
Appeals court upholds Letitia James subpoena block as DOJ vows to appeal to Supreme Court
Trump to transform spaceflight from spectacle to status quo targeting 3 launches per day
Revealed: The ‘Gentlemen’s Agreement’ That Kept Devastating Karmelo Anthony Evidence Out of Court and What that Evidence Was
Surprise election upset shows hating Trump is no longer enough as Democratic voters turn to new playbook
Surrogate Mom and Baby Flee to TX for Protection as Bio Parents Sue Her for Refusing to Abort Baby
Karmelo Anthony fights for new trial as lawyers clash over unwritten deal that shaped case
Top JPMorganChase exec warns regulatory proposal could squeeze credit for millions of small businesses
AOC blasted as too moderate by Maoist DSA faction as 2028 buzz grows
Trump reaches deal to halt tariffs on beef for 90 days in bid to lower prices
Videos show three suspects in shooting death of Tucson police recruit Carlos Ramirez
Watch: Latest Physical Attack on Caitlin Clark Is So Outrageous Commentator Uses Football Term to Describe It
Professor Who Flagged Jason Arday Cambridge Cheating Scandal Suspended: ‘They Will Almost Certainly Fire Me’
Budget red ink threatens to spike inflation and unemployment
EXCLUSIVE: Fentanyl deaths plunge 22% as Trump White House touts crackdown on deadly drug crisis

See also  Appeals court upholds limits on warrantless ICE arrests at churches

“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.


ICC president decries being sanctioned by US: ‘Demise of international rule of law’
Appeals court upholds Letitia James subpoena block as DOJ vows to appeal to Supreme Court
Trump to transform spaceflight from spectacle to status quo targeting 3 launches per day
Revealed: The ‘Gentlemen’s Agreement’ That Kept Devastating Karmelo Anthony Evidence Out of Court and What that Evidence Was
Surprise election upset shows hating Trump is no longer enough as Democratic voters turn to new playbook
Surrogate Mom and Baby Flee to TX for Protection as Bio Parents Sue Her for Refusing to Abort Baby
Karmelo Anthony fights for new trial as lawyers clash over unwritten deal that shaped case
Top JPMorganChase exec warns regulatory proposal could squeeze credit for millions of small businesses
AOC blasted as too moderate by Maoist DSA faction as 2028 buzz grows
Trump reaches deal to halt tariffs on beef for 90 days in bid to lower prices
Videos show three suspects in shooting death of Tucson police recruit Carlos Ramirez
Watch: Latest Physical Attack on Caitlin Clark Is So Outrageous Commentator Uses Football Term to Describe It
Professor Who Flagged Jason Arday Cambridge Cheating Scandal Suspended: ‘They Will Almost Certainly Fire Me’
Budget red ink threatens to spike inflation and unemployment
EXCLUSIVE: Fentanyl deaths plunge 22% as Trump White House touts crackdown on deadly drug crisis

See also  Recalling a political analyst whose insight would have risen above the midterm elections din

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  Appeals court upholds limits on warrantless ICE arrests at churches


ICC president decries being sanctioned by US: ‘Demise of international rule of law’
Appeals court upholds Letitia James subpoena block as DOJ vows to appeal to Supreme Court
Trump to transform spaceflight from spectacle to status quo targeting 3 launches per day
Revealed: The ‘Gentlemen’s Agreement’ That Kept Devastating Karmelo Anthony Evidence Out of Court and What that Evidence Was
Surprise election upset shows hating Trump is no longer enough as Democratic voters turn to new playbook
Surrogate Mom and Baby Flee to TX for Protection as Bio Parents Sue Her for Refusing to Abort Baby
Karmelo Anthony fights for new trial as lawyers clash over unwritten deal that shaped case
Top JPMorganChase exec warns regulatory proposal could squeeze credit for millions of small businesses
AOC blasted as too moderate by Maoist DSA faction as 2028 buzz grows
Trump reaches deal to halt tariffs on beef for 90 days in bid to lower prices
Videos show three suspects in shooting death of Tucson police recruit Carlos Ramirez
Watch: Latest Physical Attack on Caitlin Clark Is So Outrageous Commentator Uses Football Term to Describe It
Professor Who Flagged Jason Arday Cambridge Cheating Scandal Suspended: ‘They Will Almost Certainly Fire Me’
Budget red ink threatens to spike inflation and unemployment
EXCLUSIVE: Fentanyl deaths plunge 22% as Trump White House touts crackdown on deadly drug crisis

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