Working Class Secures Largest Wage Hikes Thanks to Tight Labor Market – IOTW Report

Working Class Secures Largest Wage Hikes Thanks to Tight Labor Market

Breitbart: 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.

“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. read more

3 Comments on Working Class Secures Largest Wage Hikes Thanks to Tight Labor Market

  1. Labor rates go up when a passenger van can’t stop at Home Despot and fill up with 15 Day laborers working tax free for cash while legitimate companies are burdened with red tape, Taxes & forced unionization. Wow, who would have thought.

    6
  2. sort of O.T….. I had a chance to purchase a $12000 spray booth a few months back for $2k… I am old and not nearly the man I once was and needed some help disassembling the danged thing. Due to this fucking Trump economy, I was unable to hire day labor and missed the deal………. MAGA BABY!
    “The first stage in the corruption of morals is the banishment of truth …”
    Michel de Montaigne

    1

Comments are closed.