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.



New California Bill Could Completely Disqualify Former ICE Agents from Public Employment
‘We’re Scared, Very Scared’: Weeping Spanish Girl Reveals Heartbreaking Reality of Mass Migration from Africa
Sen Jim Justice finds way through Senate polarization to bring WWII hero memorial to DC
Former USCIS official, accomplice charged in alleged $960K citizenship bribery scheme
Dramatic video captures floodwaters bursting through glass doors of college students’ home
Trump appears to debut darker hair, sparking online buzz
Breaking: Deadly Amazon Cargo Plane Crash at Miami Airport Leaves 5 Dead
Amy Acton campaign says armed individual lunged at Ohio governor candidate, injuring multiple people
Hasan Piker brushes off Dems who see him as a liability, names his ’28 choice
Stray bullet from nearby lounge fight kills Frito-Lay worker inside Sam’s Club
After ‘Lake America,’ Trump suggests a new name for the state of New Mexico
Amazon cargo plane overruns Miami airport runway, striking ‘multiple’ vehicles and catching fire
Trump admin’s mail-in ballot fight lands back at Supreme Court
Hikers stranded on Mount Shasta after relying on AI to plan trip, sheriff says
Sanders pushes ‘death penalty’ for crucial US industry that could give advantage to foreign adversaries

See also  Gloria Steinem, outspoken feminist leader, dies at 92

“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.


New California Bill Could Completely Disqualify Former ICE Agents from Public Employment
‘We’re Scared, Very Scared’: Weeping Spanish Girl Reveals Heartbreaking Reality of Mass Migration from Africa
Sen Jim Justice finds way through Senate polarization to bring WWII hero memorial to DC
Former USCIS official, accomplice charged in alleged $960K citizenship bribery scheme
Dramatic video captures floodwaters bursting through glass doors of college students’ home
Trump appears to debut darker hair, sparking online buzz
Breaking: Deadly Amazon Cargo Plane Crash at Miami Airport Leaves 5 Dead
Amy Acton campaign says armed individual lunged at Ohio governor candidate, injuring multiple people
Hasan Piker brushes off Dems who see him as a liability, names his ’28 choice
Stray bullet from nearby lounge fight kills Frito-Lay worker inside Sam’s Club
After ‘Lake America,’ Trump suggests a new name for the state of New Mexico
Amazon cargo plane overruns Miami airport runway, striking ‘multiple’ vehicles and catching fire
Trump admin’s mail-in ballot fight lands back at Supreme Court
Hikers stranded on Mount Shasta after relying on AI to plan trip, sheriff says
Sanders pushes ‘death penalty’ for crucial US industry that could give advantage to foreign adversaries

See also  Maria Bartiromo no longer with Fox News

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  California congresswoman did not disclose money her husband received from nonprofit


New California Bill Could Completely Disqualify Former ICE Agents from Public Employment
‘We’re Scared, Very Scared’: Weeping Spanish Girl Reveals Heartbreaking Reality of Mass Migration from Africa
Sen Jim Justice finds way through Senate polarization to bring WWII hero memorial to DC
Former USCIS official, accomplice charged in alleged $960K citizenship bribery scheme
Dramatic video captures floodwaters bursting through glass doors of college students’ home
Trump appears to debut darker hair, sparking online buzz
Breaking: Deadly Amazon Cargo Plane Crash at Miami Airport Leaves 5 Dead
Amy Acton campaign says armed individual lunged at Ohio governor candidate, injuring multiple people
Hasan Piker brushes off Dems who see him as a liability, names his ’28 choice
Stray bullet from nearby lounge fight kills Frito-Lay worker inside Sam’s Club
After ‘Lake America,’ Trump suggests a new name for the state of New Mexico
Amazon cargo plane overruns Miami airport runway, striking ‘multiple’ vehicles and catching fire
Trump admin’s mail-in ballot fight lands back at Supreme Court
Hikers stranded on Mount Shasta after relying on AI to plan trip, sheriff says
Sanders pushes ‘death penalty’ for crucial US industry that could give advantage to foreign adversaries

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