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.



Mexican Consulates Worry That Trump Admin Review Could Lead To Closure
California 22nd Congressional district primary results: Rep. David Valadao advances to runoff
Hilton, Becerra, in the lead with votes still being counted in battle for California governor
California 11th district primary results: Wiener advances to general election to succeed Pelosi
South Dakota governors race remains up in the air as GOP contest goes to runoff
Supreme Court allows Alabama GOP-backed congressional map for midterms
Trump-endorsed Feenstra concedes to MAHA-backed Lahn in GOP governor primary upset
DOJ expands indictment against SPLC, alleging $4M secretly funneled to KKK and extremist groups
FBI charges 35 in West Virginia drug and firearms operation, launches nationwide summer crime initiative
Missing GOP congressman reveals he’s ‘more energized than ever’ to return to Washington
Bomb threat standoff at Bakersfield Chase Bank continues as negotiators work to release hostages
WATCH: Dem senators excuse Platner’s conduct at crisis huddle with embattled Maine candidate
Trump-backed candidate ‘confident’ Republicans will have great night in California: ‘Very excited’
Jill Biden Claims Joe Would Have Beaten Trump If Democrats Hadn’t Forced Him Out
Trump Signs Modified AI Executive Order Behind Closed Doors

See also  US denies reports of evacuating US Embassy in Kyiv amid threats of Russian airstrikes

“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.


Mexican Consulates Worry That Trump Admin Review Could Lead To Closure
California 22nd Congressional district primary results: Rep. David Valadao advances to runoff
Hilton, Becerra, in the lead with votes still being counted in battle for California governor
California 11th district primary results: Wiener advances to general election to succeed Pelosi
South Dakota governors race remains up in the air as GOP contest goes to runoff
Supreme Court allows Alabama GOP-backed congressional map for midterms
Trump-endorsed Feenstra concedes to MAHA-backed Lahn in GOP governor primary upset
DOJ expands indictment against SPLC, alleging $4M secretly funneled to KKK and extremist groups
FBI charges 35 in West Virginia drug and firearms operation, launches nationwide summer crime initiative
Missing GOP congressman reveals he’s ‘more energized than ever’ to return to Washington
Bomb threat standoff at Bakersfield Chase Bank continues as negotiators work to release hostages
WATCH: Dem senators excuse Platner’s conduct at crisis huddle with embattled Maine candidate
Trump-backed candidate ‘confident’ Republicans will have great night in California: ‘Very excited’
Jill Biden Claims Joe Would Have Beaten Trump If Democrats Hadn’t Forced Him Out
Trump Signs Modified AI Executive Order Behind Closed Doors

See also  Democrats eye Blanche and Patel subpoenas after Bondi deflects Epstein questions

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  With tough midterm elections looming, Trump 2028 GOP revenge list grows


Mexican Consulates Worry That Trump Admin Review Could Lead To Closure
California 22nd Congressional district primary results: Rep. David Valadao advances to runoff
Hilton, Becerra, in the lead with votes still being counted in battle for California governor
California 11th district primary results: Wiener advances to general election to succeed Pelosi
South Dakota governors race remains up in the air as GOP contest goes to runoff
Supreme Court allows Alabama GOP-backed congressional map for midterms
Trump-endorsed Feenstra concedes to MAHA-backed Lahn in GOP governor primary upset
DOJ expands indictment against SPLC, alleging $4M secretly funneled to KKK and extremist groups
FBI charges 35 in West Virginia drug and firearms operation, launches nationwide summer crime initiative
Missing GOP congressman reveals he’s ‘more energized than ever’ to return to Washington
Bomb threat standoff at Bakersfield Chase Bank continues as negotiators work to release hostages
WATCH: Dem senators excuse Platner’s conduct at crisis huddle with embattled Maine candidate
Trump-backed candidate ‘confident’ Republicans will have great night in California: ‘Very excited’
Jill Biden Claims Joe Would Have Beaten Trump If Democrats Hadn’t Forced Him Out
Trump Signs Modified AI Executive Order Behind Closed Doors

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