Article snippet: 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. 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 —... Link to the full article to read more
Working Class Secures Largest Wage Hikes Thanks to Tight Labor Market
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