Although
general wage growth has tended to slow down within recent months, concealed in
the information is the increase in wages for America’s working-class and blue-collar
folks gaining more in pay than any other income group.
Economic
assessment by Indeed finds that while the greatest
wage earners have witnessed year-to-year growth of wages of over 2.5%, the
lowest income earners have experienced almost double this growth.
Assessment
from March detailed this trend and found that while middle income earners’ and
high-income earners’ wages increased around 2.5% to 3%, low income earners witnessed
a wage increase of over 4%, as compared with the exact same time the year
before.
This
rising wage growth for working class people in America comes even though growth
is strongest within the high-income and middle-income industries.
For
over a year, the news has reported how President Trump’s tightening of the
labor force — mainly through decreasing foreign worker competition against the
American people — has given workers in the U.S. power within the economy over
their employers. The outcome has meant that employers needed to bid for employees
instead of employees bidding for jobs.
More
recently, the news chronicled how oil corporations have needed to drive up
overtime pay for workers in the U.S. to meet labor demands even while they
lobby for more readily available foreign employees to keep wages down.
Extensive
studies by analyst Steven Camarota and economists like George Borjas uncovers
that the country’s present mass legal immigration system overwhelms United
States taxpayers and America’s middle and working class while redistributing around
$500B in wealth each year to major employers, as well as newly arrived
immigrants. Likewise, studies have revealed how U.S.’ wages are crushed by the
country’s high levels of immigration.
There
are anywhere from 11 - 12 million American people today who need a full-time
job yet are underemployed, unemployed, or completely out of the labor force.
Still, the United States has continuously admitted approximately 1.2M legal
immigrants per year to compete for middle- and working-class jobs against those
sidelined Americans.
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