"Inequality has reached unprecedented levels: the wealth of America’s three richest people now equals the net worth of the poorest half of the US population."
As for the impact on American workers and American cities where illegal alien workers were concerned, Greenspan said:
Some evidence suggests that unskilled illegal immigrants (almost all from Latin America) marginally suppress wage levels of native-born Americans without a high school diploma, and impose significant costs on some state and local governments.
The Widening Racial Gap on Jobs and Wealth
Black Americans don’t just need more jobs. They need better paying ones.
iStock
The unprecedented diversity of the 2020 Democratic presidential field has already accomplished something significant: it has shone a much-needed spotlight on the stunning disparities in black and white household wealth in America. The median white household, for instance, enjoys ten times the wealth of the median black household, and as many as one in five black households holds zero or negative net wealth.
Candidates have proposed a range of remedies to close this yawning racial wealth gap. Elizabeth Warren has proposed a $7 billion “Small Business Equity Fund” to help black entrepreneurs access capital; Pete Buttigeig wants to invest $25 billion in historically black colleges and universities; Cory Booker has suggested granting every American a $1,000 “baby bond” at birth; and other candidates have expressed support for reparations, even if it’s not entirely clear how they would carry them out.
While these ideas are a good start, they don’t do enough to fix the broader systemic problem driving the racial wealth gap. It’s not merely that black Americans have more trouble getting jobs than their white counterparts. It’s that, when they do get jobs, they often don’t pay well or fairly.
Recent research makes clear that black Americans cannot catch up to whites in accumulating wealth unless the quality of the jobs they hold—and the wages they earn—catch up first.
As it stands, too many black workers start out one step behind in the labor market, either trapped in lower-wage jobs or shut out of the workforce altogether. Black workers, therefore, are more likely to face displacement from automation—an ominous sign that gaps in wages and wealth will only worsen if we don’t do something about it.
New research from Martha Ross and Nicole Bateman of the Brookings Institution finds that black workers hold a disproportionately large share of the economy’s lowest-paid jobs. Black Americans make up 15 percent of the 53 million Americans who earn less than two-thirds of the median wage (or less than $16.03 an hour). On average, these low earners earn a median of $10.22 an hour and $17,950 a year.
A recent analysis by McKinsey & Company finds that the top 10 occupations for African Americans include such relatively low-level service jobs such as cashiers, nursing assistants and laborers. On the flip side, they are severely underrepresented in higher-paid fields like education, medicine, and law.
Whites, on the other hand, are under-represented in the low-wage workforce relative to their population. Ross and Bateman find that while whites make up 70.6 percent of “mid/high wage” workers, they compose just 52.4 percent of the low-wage workforce.
Just as these discparities have been baked into the current system, whites have grabbed the lion’s share of well-paid “new economy” jobs as well.
A new report by Anthony Carnevale and colleagues from Georgetown University’s Center on Education and the Workforce finds that whites hold 77 percent of the “good” jobs in today’s economy, which the researchers defined as earning a median of $65,000 a year and were more likely to require education beyond a high school diploma. Black workers, on the other hand, held just 10 percent of these “good” jobs as of 2016, the most recent year for which data are available.
Carnevale and his team argue that decades of better access to higher education gave white workers a head start as the U.S. economy transitioned from lower-skilled manufacturing jobs to higher-skilled service jobs. White workers in the post-World War II era, in particular, benefited mightily from such benefits as the GI Bill, while black workers had relatively few options by comparison. As Carnevale writes, “Blacks in the segregated South had access to only around 100 colleges, more than a quarter of which were two-year junior colleges.”
Yet even when black Americans have earned college-level degrees or credentials, they still earn less than their white counterparts on average. Carnevale’s research finds that 75 percent of white workers with a bachelor’s degree or more are likely to hold a “good” job, compared to 68 percent of blacks with comparable education. The Economic Policy Institute, meanwhile, finds that wages for black college graduates fell 0.3 percent from 2015 to 2019 at the same time wages for white college graduates grew by 6.6 percent over the same period.
The takeaway from that data is critical for policymakers. As much as increased access to education can help more African Americans achieve upward mobility, it can’t erase disparities in black and white earnings on its own.
Black Americans are moreover starting off at a tremendous disadvantage: They are less likely to be getting a paycheck at all. Thanks to mass incarceration, segregation, and the lack of affordable transportation around much of the country—all of which have had a disproportionate impact on African-Americans—millions of black workers don’t have access to a job, period.
In October 2019, the unemployment rate among black workers was 5.5 percent, compared to 3.0 percent for whites. This disparity, however, masks an even bigger gap in workers’ participation in the labor market, particularly among men.
While 69.8 percent of all white men older than 20 were working in October (as measured by the “employment-population ratio” calculated by the Bureau of Labor Statistics), the same was true of only 65 percent of black men. The BLS predicts further declines in workforce participation by 2028: 66.5 percent for whites and 61.8 percent for blacks.
The most disturbing aspect of the data may not be the depressing history of inequity between black and whites. It’s that the future of work for African Americans workers looks bleak as well.
McKinsey’s recent research also finds that black workers are more likely to be displaced from their jobs by automation, given their disproportionate representation in the jobs most susceptible to automation, such as truck driving, food service, and office support. McKinsey also predicts that as many as 23.1 percent of black workers could be displaced by automation by 2030, a rate that’s significantly higher than that of other groups.
Moreover, Jason Wright, a partner at McKinsey who co-authored the report, said that black workers are more likely to be living in parts of the country facing slower economic growth, resulting in a combination of geographic, economic, and demographic vulnerability that Wright has dubbed “economic intersectionality.”
All in all, the confluence of systemic disadvantages black workers face—from lower earnings and lesser-quality jobs—has led to fewer opportunities to save and accumulate wealth. That, in turn, has translated to lower rates of homeownership, higher levels of debt, and insecure retirement.
None of these problems can be solved through one-shot infusions of funding to black colleges, funneling a little more money for black entrepreneurs, or redistributive strategies that try to remedy disparities after the fact. Instead, black workers need policy solutions that not only boost their earning power but protect their upward mobility in a changing economy.
This means tackling structural inequities like residential segregation, which leads to unequal access to decent schools and, ultimately, disparities in college enrollment and completion. Segregation also often means that black workers are isolated away from areas with well-paying jobs, particularly if public transit is also substandard. Plus, discriminatory criminal justice and employment practices take their toll on the ability of black workers to access good jobs—or any jobs at all. Ultimately, what’s demanded is a massive investment in the “infrastructure of opportunity” available to black Americans—so that they, too, have a truly equal shot at success.
As bold as the current crop of Democratic presidential contenders has positioned itself to be, they need to be bolder still in tackling the roots of economic inequality.
Ending the racial job gap should be a first-order priority.
IMMIGRATION ANARCHISTS' LIES DEBUNKED
It's as easy as child's play.
Claims
of a Labor Shortage Are Just Not True
PELOSI,
FEINSTEIN, KAMALA HARRIS AND GAVIN NEWOMS’S MEXIFORNIA
Percent in 40 Years
Middle-class wages in
progressive California have risen by 1 percent in the last 40 years, says a
study by the establishment California Budget and Policy Center.
The wage and housing problems are made worse —
especially for families — by the loss of
employment benefits as companies and investors spike stock prices by cutting
costs. The report says:
NYT Admits Fewer Immigrants Means Higher Wages, More
Labor-Saving Machines
Free
Trader Paul Krugman Admits Failure of Globalization for American Workers:
‘Major Mistake’
Economist
Paul Krugman, the longtime defender of global free trade and a member of the
failed “Never Trump” movement, now admits that globalization has failed
American workers.
Foreign Workers See Nearly 5X Job Growth of Americans
https://www.breitbart.com/politics/2018/12/13/november-foreign-workers-see-nearly-5x-job-growth-of-americans/
Foreign workers saw nearly five times as much
job growth as native-born American workers did last month, Bureau of Labor
Statistics data reveals.
IMMIGRATION ANARCHISTS' LIES DEBUNKED
It's as easy as child's play.
So much of what has come to pass for “common
knowledge” is actually an example of how the principle of “The Big Lie”
can alter the public’s understanding of critical issues. Immigration has
proven to be particularly vulnerable to this tactic.
BLOG: THE LA RAZA FASCIST PARTY, NOW CALLING
ITSELF UNIDOus, HAS LONG OPERATED ON THE SAME PRINICIPLES AS THE THIRD REICH.
UNFORTUNATELY THEY ALSO OPERATE ON U.S. TAX DOLLAR SUBSIDIES AND GENEROUS
CONTRIBUTIONS FROM MOST OF THE FORTUNE 500.
Under that principle, officials intentionally
concoct falsehoods and repeat them at every possible opportunity to convince
the masses that the lies are the truth. This principle was adopted
by Nazi Germany in order to con the German populace into accepting the
unfathomable depravity of the Third Reich.
Because humans think with words, control of
language ultimately results in control of thought. This was the
underlying principle of my recent article, Language Wars, The Road to Tyranny is Paved
With Language Censorship.
Today the attention span of most Americans can be
measured in minutes, if not seconds, further exacerbating the susceptibility of
folks to fall victim to language manipulation tactics. The tactics
employed by the open-borders/immigration anarchists to further
their cause are so easy to disprove that even a child could see
through their warped logic.
First off, consider the game of “Musical Chairs,”
which most children are familiar with. In this game, as music
plays,' kids circle a line of chairs that alternate in the way that the
chairs are facing. When the music stops each child scrambles to sit in
one of the chairs. What makes the game challenging is that there is one
fewer chair than the number of kids playing. Consequently, one child is
unable to find a chair and is removed from the game along with one chair.
Once again there is one chair fewer than the number of participating children.
The music starts again and the kids circle the remaining chairs until the music
stops. Each time one chair and one child are removed until the contest
comes down to two kids and one chair. Whichever kid manages to sit is
declared the winner of the game.
If you wonder what this has to do with
immigration, imagine that during the game one of the adults supervising the
game opens a door and allows many more children to flood into the room,
however, the number of chairs is not increased. This way the odds of the
children already playing the game will succeed in grabbing a seat has just been
decreased due to the number of new players introduced into the game.
It should be expected that the children will
scream that what has just happened is unfair and of course they would be
right.
Now let’s imagine that we are not talking about a
childhood game and that the chairs are available jobs and the children are
adult workers who are desperate to find a job. The “doors” that have been flung open are America’s borders
and those entering the room (labor pool) are many foreign workers,
deleteriously impacting jobs and wages across a wide spectrum of industries and
skill levels.
Incredibly, many Americans cannot figure out the
parallel between these two situations. The Democrats who refused to stand
for the State of the Union Address when President Trump noted how unemployment
levels for American blacks and Latinos were at the lowest point in years were
clearly unhappy. Could it be that they have been depending on making Americans
more dependent on the “crumbs" that they offer? I use the term
“crumbs” because this was the very word used by Nancy Pelosi to describe the thousand-dollar
bonuses a number of companies provided to their employees because of the Trump
tax cuts.
Next let’s think back to the days of “Hide and
Seek” where one child covers his/her eyes and counts to ten and then attempts
to find another child who went hiding when the first child closed his
eyes.
Today that game is being played by illegal aliens
with great success because the number of ICE agents, and the number of INS
agents that preceded the creation of ICE, has always been insignificant
when compared with the huge number of illegal aliens who have entered the
United States without inspection or violating the terms of their lawful
admissions.
Sanctuary city policies
make it ever more difficult for the overwhelmed ICE agents to track down and
apprehend illegal aliens, even when those aliens are engaged in criminal or
terror-related activities.
Of course, the mayors of sanctuary cities and
governors of sanctuary states hypocritically draw parallels between their
actions and the actions of leaders of the Civil Rights movement who put their
lives on the line to right the wrongs of slavery, racism, segregation and
discrimination.
Although this parallel is an enormous
falsehood, it has been repeated in the news media and by a long list of
immigration anarchists and consequently many have fallen for this outrageous
analogy. Illegal aliens are certainly protected by due process when they
are charged with a crime. But due process is not the same as Civil
Rights. The entire point to Civil Rights laws is to guarantee all
Americans, particularly American blacks, equal opportunities to be successful
in America and be full participants in American society. Elements of
this include access to quality in education, job opportunities and
housing.
Illegal
aliens are not supposed to work, and knowingly providing shelter for illegal
aliens can be construed as harboring and shielding, elements of a felony under
federal law, Title 8 U.S. Code §
1324.
Where
aliens and jobs are concerned, even many categories of nonimmigrant aliens
(temporary visitors) including aliens who lawfully enter under the Visa Waiver
Program or with tourist visas may not work in the United States and immediately
become subject to removal (deportation) if they seek gainful employment.
Prior to WWII the Labor Department was
in charge of immigration. The greatest concern, back then, was to
shield American workers from foreign competition. This is how the middle
class was nurtured and grew to become the envy of the world and came to be
known as the “American Dream.”
Incredibly when President Trump, in his State of
the Union Address proclaimed, “American are dreamers too” the members of the
Democratic Party reacted with sheer hostility, not only towards the President,
but hostility and contempt for Americans.
Awhile back
I wrote an article about the veiled
attack on the middle class. In that article I reported on how on April
30, 2009, Alan Greenspan, former chairman of the Federal Reserve Bank,
testified at a hearing advocating the
passage of Comprehensive Immigration Reform legislation, conducted by Chuck
Schumer, then Chairman of the Senate Immigration Subcommittee.
Greenspan
was “all in” on legalizing illegal aliens, creating a guest worker program for
aliens and for hugely increasing the number of H-1B visas as Bill Gates, whom
he quoted, recommended.
As for the impact on American workers and
American cities where illegal alien workers were concerned, Greenspan said:
Some evidence suggests that unskilled illegal
immigrants (almost all from Latin America) marginally suppress wage levels of
native-born Americans without a high school diploma, and impose significant
costs on some state and local governments.
That “marginal suppression of wages” for
America’s working poor is likely a significant cause of unemployment of
Americans and a record levels of homelessness of Americans.
Greenspan’s advocacy for greatly increasing the
number of H-1B foreign worker included this justification:
The second bonus would address the increasing
concentration of income in this country. Greatly expanding our quotas for the
highly skilled would lower wage premiums of skilled over lesser skilled. Skill
shortages in America exist because we are shielding our skilled labor force
from world competition. Quotas have been substituted for the wage pricing
mechanism. In the process, we have created a privileged elite whose incomes are
being supported at noncompetitively high levels by immigration quotas on
skilled professionals. Eliminating such restrictions would reduce at least some
of our income inequality.
Greenspan actually had the unmitigated chutzpah
to refer to high-tech American workers as the “privileged elite” who are being
shielded from foreign competition. As an economist Greenspan understand
“supply and demand” and seeks to greatly increase the supply of compliant and
exploitable foreign workers in the labor pool to drive down everyone’s
wages.
The Democrats frequently equate providing a
minimum wage of $10.10 per hour or $15.00 per hour with “wage equality.”
This is clearly not about wage equality but about establishing a “standard
wage” which would eradicate the middle class.
The "reforming" of our immigration laws
for Greenspan and his globalist cohorts is an effort to actually re-form our
immigration system to speed the destruction of the middle class.
Since that hearing Greenspan has persisted in his
calls for re-forming the immigration system.
Hypocrisy is usually a clear indicator of a con
job. Schumer has called for creating a federal law with
a maximum penalty of 5 years in prison for those who trespass on critical
infrastructure or national landmarks. Yet Schumer demands that aliens who trespass on America be granted
United States citizenship.
A child could see through their lies.
Claims
of a Labor Shortage Are Just Not True
America's
September unemployment rate fell to 3.5 percent, the lowest level since 1969,
according to the most recent Department of Labor report.
The tight
labor market is forcing companies to hire disadvantaged Americans. For
example, New
Seasons Market, a
West Coast grocery chain, is actively recruiting people with disabilities and
prior criminal records. Similarly, Custom
Equipment, a
Wisconsin manufacturing firm, recently hired several prison inmates through a
work-release program and intends to employ them full-time upon their release.
For the
first time in decades, these disadvantaged Americans are finally winning
significant pay increases. Over the past year, the lowest-paid 25 percent of
workers enjoyed faster wage growth than their higher-paid peers.
Unfortunately,
this positive trend could be short-lived. Corporate special interests are
whining about a labor shortage -- and are spending millions to lobby for higher
levels of immigration, which would supply companies with cheap, pliable
workers.
Hardworking
Americans need their leaders in Washington to see through this influence
campaign and stand up for their interests. Scaling back immigration would
further tighten the labor market, boosting wages and helping the most
disadvantaged Americans find jobs.
The U.S.
economy is the strongest it has been in years. Employers added 136,000 new jobs
in September, marking 108 months of consecutive
job growth.
But
there's still more progress to be made. Approximately 6
million Americans
are currently looking for jobs but remain unemployed. Another 4
million desire
full-time positions but are underemployed as part-time workers. Millions
more, feeling
discouraged about their bleak prospects, have abandoned the job search altogether.
Indeed, among 18 through 65-year-olds, 55
million people
aren't working.
Many of
these folks have limited or outdated skills. Others have criminal records or
disabilities. So they might require a bit more training than traditional job
applicants.
Rather
than put in this extra effort, some big businesses want to eliminate their
recruiting challenges by importing cheap foreign workers. These firms have
instructed their lobbyists to push for more immigration, which would introduce
more slack into the labor market.
The CEO
of the Chamber of Commerce recently claimed that America needs a massive
increase in immigration because we're "out of people." Chamber
officials said their lobbying efforts would center on sizeable increases to
rates of legal immigration.
The
National Association of Manufacturers, meanwhile, recently released a proposal which would effectively double
the number of H-1B tech worker visas, import more seasonal low-skilled laborers
on H-2A and H-2B visas, and grant amnesty to illegal immigrants.
And the
agriculture industry is lobbying for a path to legalization for
illegal laborers and is seeking to expand "temporary" guest-worker
programs to include stable, year-round positions on dairy farms and meatpacking
plants -- jobs that Americans will happily fill for the right wage. The Association
of Builders and Contractors, Koch Industries, and dozens more companies
have called for similar measures.
There are
already 45
million immigrants
in the United States -- 28 million of which are employed -- and counting. More
than 650,000
people crossed
into the United States illegally in the past eight months alone, already
exceeding last fiscal year's totals. And the U.S. government grants an
additional 1 million lifetime work permits to immigrants every year.
Those
figures will skyrocket even higher if business groups get their way. Such an
expansion would hurt hardworking Americans.
The
majority of foreigners who cross the border illegally or arrive on guest worker
visas lack substantial education. Naturally, they seek out less-skilled jobs in
construction, manufacturing, agriculture, and service -- and directly compete
with the most economically vulnerable Americans. The labor surplus created by
immigration depresses the wages of native-born high school dropouts up to $1,500 each year.
Several
proposals under consideration in Washington could alleviate American workers'
woes.
A
recent bill from Senator Chuck Grassley
(R-IA) would mandate all businesses use a free, online system called E-Verify,
which determines an individual's work eligibility in mere seconds.
The
system would make it extremely difficult for employers to hire illegal
immigrants, roughly 40
percent of whom
have been paid subminimum wages at some point. Without a pool of easily abused
illegal laborers, businesses would raise pay for Americans.
Several
senators also recently introduced the Raise
Act, a bill that
would reduce future levels of legal immigration.
It's time
for our leaders in Washington to scale back both legal and illegal immigration.
By doing so, they can further tighten the labor market and force businesses to
bring less-advantaged Americans back into the workforce.
OPEN BORDERS: IT’S ALL ABOUT KEEPING WAGES
DEPRESSED!
"In the decade following the
financial crisis of 2007-2008, the capitalist class has delivered powerful
blows to the social position of the working class. As a result, the working
class in the US, the world’s “richest country,” faces levels of economic
hardship not seen since the 1930s."
"Inequality has reached unprecedented
levels: the wealth of America’s three richest people now equals the net worth
of the poorest half of the US population."
PELOSI,
FEINSTEIN, KAMALA HARRIS AND GAVIN NEWOMS’S MEXIFORNIA
Report: California’s Middle-
Class Wages Rise by 1
Percent in 40 Years
Justin
Sullivan/Getty Images
3 Sep 2019172
6:24
Middle-class wages in
progressive California have risen by 1 percent in the last 40 years, says a
study by the establishment California Budget and Policy Center.
“Earnings for California’s
workers at the low end and middle of the wage scale have generally declined or
stagnated for decades,” says the report, titled “California’s Workers Are
Increasingly Locked Out of the State’s Prosperity.” The report continued:
In
2018, the median hourly earnings for workers ages 25 to 64 was $21.79, just 1%
higher than in 1979, after adjusting for inflation ($21.50, in 2018 dollars)
(Figure 1). Inflation-adjusted hourly earnings for low-wage workers, those at
the 10th percentile, increased only slightly more, by 4%, from $10.71 in
1979 to $11.12 in 2018.
The report admits that the
state’s progressive economy is delivering more to investors and less to
wage-earners. “Since 2001, the share of state private-sector [annual new
income] that has gone to worker compensation has fallen by 5.6 percentage
points — from 52.9% to 47.3%.”
In 2016, California’s Gross
Domestic Product was $2.6 trillion, so the 5.6 percent drop shifted $146
billion away from wages. That is roughly $3,625 per person in 2016.
The report notes that wages
finally exceeded 1979 levels around 2017, and it splits the credit between the
Democrats’ minimum-wage boosts and President Donald Trump’s go-go economy.
The 40 years of flat wages are
partly hidden by a wave of new products and services. They include almost-free
entertainment and information on the Internet, cheap imported coffee in
supermarkets, and reliable, low-pollution autos in garages.
But the impact of California’s
flat wages is made worse by California’s rising housing costs, the report says,
even though it also ignores the rent-spiking impact of the establishment’s
pro-immigration policies:
In just the last decade
alone, the increase in the typical household’s rent far outpaced the rise in
the typical full-time worker’s annual earnings, suggesting that working
families and individuals are finding it increasingly difficult to make ends
meet. In fact, the basic cost of living in many parts of the state is more
than many single individuals or families can expect to earn, even if all adults
are working full-time.
…
Specifically, inflation-adjusted
median household rent rose by 16% between 2006 and 2017, while
inflation-adjusted median annual earnings for individuals working at least 35
hours per week and 50 weeks per year rose by just 2%, according to a Budget
Center analysis of US Census Bureau, American Community Survey data.
Many workers are being paid
little more today than workers were in 1979 even as worker productivity has
risen. Fewer employees have access to retirement plans sponsored by their
employers, leaving individual workers on their own to stretch limited dollars
and resources to plan how they’ll spend their later years affording the high
cost of living and health care in California. And as union representation has
declined, most workers today cannot negotiate collectively for better working
conditions, higher pay, and benefits, such as retirement and health care, like
their parents and grandparents did. On top of all this, workers who take on
contingent and independent work (often referred to as “gig work”), which in
many cases appears to be motivated by the need to supplement their primary job
or fill gaps in their employment, are rarely granted the same rights and legal
protections as traditional employees.
The center’s report tries to
blame the four-decade stretch of flat wages on the declining clout of unions.
But unions’ decline was impacted by the bipartisan elites’ policy of
mass-migration and imposed diversity.
In
2018, Breitbart reported how Progressives for
Immigration Reform interviewed Blaine Taylor, a union carpenter, about the
economic impact of migration:
TAYLOR: If I hired a framer to do
a small addition [in 1988], his wage would have been $45 an hour. That was
the minimum for a framing contractor, a good carpenter. For a helper, it was
about $25 an hour, for a master who could run a complete job, it was about $45
an hour. That was the going wage for plumbers as well. His helpers typically
got $25 an hour.
…
Now, the average wage in Los
Angeles for construction workers is less than $11 an hour. They can’t go lower
than the minimum wage. And much of that, if they’re not being paid by the hour
at less than $11 an hour, they’re being paid per piece — per piece of plywood
that’s installed, per piece of drywall that’s installed. Now, the subcontractor
can circumvent paying them as an hourly wage and are now being paid by 1099,
which means that no taxes are being taken out. [Emphasis added]
Diversity
also damaged the unions by shredding California’s civic solidarity. In 2007,
the progressive Southern Poverty Law Center posted a report with the title
“Latino Gang Members in Southern California are Terrorizing and Killing
Blacks.” In the same year, an op-ed in the Los Angeles Times described another murder by Latino
gangs as “a manifestation of an increasingly common trend: Latino ethnic
cleansing of African Americans from multiracial neighborhoods.”
The center’s board members
include the executive director of the state’s SEIU union, a professor from the
Goldman School of Public Policy at the University of California, Berkeley, and
the research director at the “Program for Environmental and Regional Equity” at
the University of Southern California, Los Angeles.
Outside
California, President Donald Trump’s low-immigration policies are pressuring
employers to raise Americans’ wages in a hot economy. The Wall Street Journal reportedAugust 29:
Overall, median weekly earnings
rose 5% from the fourth quarter of 2017 to the same quarter in 2018, according
to the Bureau of Labor Statistics. For workers between the ages of 25 and 34,
that increase was 7.6%.
The New York Times laments that reduced immigration does force wages
upwards and also does force companies to buy labor-saving, wage-boosting
machinery. Instead, NYT prioritizes "ideas about America’s identity and
culture.” http://bit.ly/2Zp2u2J
NYT Admits Fewer Immigrants Means Higher Wages, More
Labor-Saving Machines
.
Free
Trader Paul Krugman Admits Failure of Globalization for American Workers:
‘Major Mistake’
Economist
Paul Krugman, the longtime defender of global free trade and a member of the
failed “Never Trump” movement, now admits that globalization has failed
American workers.
In a column for Bloomberg titled “What
Economists (Including Me) Got Wrong About Globalization,” Krugman admits that
the economic consensus for free trade that has prevailed for decades has failed
to recognize how globalization has skyrocketed inequality for America’s working
and middle class workers.
Krugman writes:
In the past few years, however,
worries about globalization have shot back to the top of the agenda, partly due to new research and partly due to the political
shocks of Brexit and U.S. President Donald Trump. And as one of the
people who helped shape the 1990s consensus — that the contribution of rising
trade to rising inequality was real but modest — it seems appropriate for me to
ask now what we missed. [Emphasis added]
…
The pro-globalization consensus of
the 1990s, which concluded that trade contributed little
to rising inequality, relied on models that asked how the growth of
trade had affected the incomes of broad classes of workers, such as those who
didn’t go to college. It’s possible, and probably even correct, to think of
these models as accurate in the long run. Consensus economists didn’t
turn much to analytic methods that focus on workers in particular industries
and communities, which would have given a better picture of short-run
trends. This was, I now believe, a major mistake — one in which I
shared a hand. [Emphasis added]
Krugman, though, writes that he and
his fellow free trade economists “had no way to know” that globalization of the
American economy or a surge in trade deficits “were going to happen,” though
the anti-globalization movement had warned for years of the harmful impact free
trade would have on U.S. workers — including Donald Trump.
In an interview with SiriusXM
Patriot’s Breitbart News
Tonight, economist Alan Tonelson said that
Krugman’s acknowledging that he and the free trade economic consensus has been
wrong is “better later than never,” but “the damage has already been done.”
LISTEN:
“There’s been an even more
startling, in fact jaw-dropping, development on that front. Paul Krugman, the
famous Never Trumper, the famous pro-free trade economist, the Nobel Prize
winner just published an article … saying that for the past 20 years, he and
his other globalist, free trade economist friends have been substantially wrong
about the effect of globalization, particularly more trade with low income, low
wage countries like China,” Tonelson said.
“They’ve been substantially wrong
about its effects on the American economy and American workers in particular,”
Tonelson said.
Meanwhile, decades of free trade
have spurred mass layoffs, unemployment, and offshoring of high-paying American
jobs while surging trade deficits. Since China entered the World Trade
Organization (WTO), the U.S. trade deficit with China has eliminated at least 3.5
million American jobs from the American economy. Millions of American workers
in all 50 states have been displaced from their
jobs, which have been lost due to U.S.-China trade relations.
WEST HOLLYWOOD WELCOME MAT FOR ILLEGALS...
Not a single employer of illegals ever prosecuted in this LA
RAZA SANCTUARY CITY where they print voting ballots in Spanish so illegals can
vote for more!
Foreign Workers See Nearly 5X Job Growth of Americans
https://www.breitbart.com/politics/2018/12/13/november-foreign-workers-see-nearly-5x-job-growth-of-americans/
Foreign workers saw nearly five times as much
job growth as native-born American workers did last month, Bureau of Labor
Statistics data reveals.
In November 2018, foreign-born worker employment increased 5.1
percent compared to the same time last year. Meanwhile, native-born Americans
saw an employment increase of only about 1.2 percent year-to-year, almost five
times less job growth as their foreign worker competitors.
The foreign-born workforce — those who are employed and looking
for work — also had significantly higher gains than native-born Americans. Last
month, the number of foreign-born workers in the labor force increased almost
five percent. At the same time, native-born Americans in the labor force
increased only 0.66 percent.
The labor force participation rate among foreign-born workers
increased 1.2 percent, while the labor force participation rate for native-born
Americans increased only 0.2 percent from year-to-year.
Though foreign-born workers have had
significant gains in the last three months of
President Trump’s economy, native-born Americans’ unemployment dropped by an
impressive 12.5 percent while their foreign competitors’ unemployment decreased
by 5.9 percent.
The fast-growing employment of foreign-born workers over
American citizens is exacerbated by the country’s wage-crushing national
immigration policy whereby about 1.5 million legal and illegal immigrants are
added to the U.S. population every year.
While legal immigrants continued being admitted to the U.S. to
take blue-collar working-class jobs and many white-collar, high-paying jobs,
there remain about six million Americans who are unemployed, 12 percent of whom
are teenagers and nearly six percent of whom are black Americans.
There remain about 1.3 million workers who have been jobless for
more than two years, 4.8 million workers who are working part time but who want
full time jobs, and 1.7 million workers who want a job, including more than
450,000 workers who are discouraged by their job prospects.
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