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.



Trump administration ‘monitoring’ leftist organizers ignoring new terrorism sanctions: State Department official
90 Percent of Largest United Methodist Church Congregation Votes to Leave Denomination – But It Won’t Be Easy
Hundreds of staged armed robberies helped thousands pose as crime victims in US immigration scam: DOJ
The Thing That Never Happens: DOJ Says Hundreds of Foreigners Voted in Multiple US Elections
House report says NYC prosecutors tailored plea deals to shield illegal immigrants from deportation
Norway and Finland break norms by phoning Putin directly to urge breakthroughs at trilateral talks
Multi-state manhunt underway as murder victim’s close friend fears escaped killer could strike again
FBI raids Beverly Hills mansion as part of Eric Swalwell investigation
WNBA Players Run Off the Court Again Before National Anthem Ahead of Monday Finals Game
Ilhan Omar Tells Hasan Piker She Is Being Targeted Because She’s Good-Looking
Fox News Power Rankings: As Iran looms large, can the GOP keep the faithful?
Netanyahu warns of high turnout in Israeli election: ‘Emergency hour’
Many of Annie Andrews’s supposed Republican backers have history of supporting Democrats
Trump takes campaign blitz to Texas with one week until midterms and more top headlines
As Feds Probe Her Foreign Ties, Omar Surfaces to Share Stage with ‘Dangerous’ Known Terror Supporter

See also  What are the most expensive midterm races?

“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.


Trump administration ‘monitoring’ leftist organizers ignoring new terrorism sanctions: State Department official
90 Percent of Largest United Methodist Church Congregation Votes to Leave Denomination – But It Won’t Be Easy
Hundreds of staged armed robberies helped thousands pose as crime victims in US immigration scam: DOJ
The Thing That Never Happens: DOJ Says Hundreds of Foreigners Voted in Multiple US Elections
House report says NYC prosecutors tailored plea deals to shield illegal immigrants from deportation
Norway and Finland break norms by phoning Putin directly to urge breakthroughs at trilateral talks
Multi-state manhunt underway as murder victim’s close friend fears escaped killer could strike again
FBI raids Beverly Hills mansion as part of Eric Swalwell investigation
WNBA Players Run Off the Court Again Before National Anthem Ahead of Monday Finals Game
Ilhan Omar Tells Hasan Piker She Is Being Targeted Because She’s Good-Looking
Fox News Power Rankings: As Iran looms large, can the GOP keep the faithful?
Netanyahu warns of high turnout in Israeli election: ‘Emergency hour’
Many of Annie Andrews’s supposed Republican backers have history of supporting Democrats
Trump takes campaign blitz to Texas with one week until midterms and more top headlines
As Feds Probe Her Foreign Ties, Omar Surfaces to Share Stage with ‘Dangerous’ Known Terror Supporter

See also  What are the most expensive midterm races?

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  What are the most expensive midterm races?


Trump administration ‘monitoring’ leftist organizers ignoring new terrorism sanctions: State Department official
90 Percent of Largest United Methodist Church Congregation Votes to Leave Denomination – But It Won’t Be Easy
Hundreds of staged armed robberies helped thousands pose as crime victims in US immigration scam: DOJ
The Thing That Never Happens: DOJ Says Hundreds of Foreigners Voted in Multiple US Elections
House report says NYC prosecutors tailored plea deals to shield illegal immigrants from deportation
Norway and Finland break norms by phoning Putin directly to urge breakthroughs at trilateral talks
Multi-state manhunt underway as murder victim’s close friend fears escaped killer could strike again
FBI raids Beverly Hills mansion as part of Eric Swalwell investigation
WNBA Players Run Off the Court Again Before National Anthem Ahead of Monday Finals Game
Ilhan Omar Tells Hasan Piker She Is Being Targeted Because She’s Good-Looking
Fox News Power Rankings: As Iran looms large, can the GOP keep the faithful?
Netanyahu warns of high turnout in Israeli election: ‘Emergency hour’
Many of Annie Andrews’s supposed Republican backers have history of supporting Democrats
Trump takes campaign blitz to Texas with one week until midterms and more top headlines
As Feds Probe Her Foreign Ties, Omar Surfaces to Share Stage with ‘Dangerous’ Known Terror Supporter

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
Share on twitter
Twitter


Discover more from ConservativeModern.com

Subscribe now to keep reading and get access to the full archive.

Continue reading