• MEDIA: WSJ: Tight Labor Market Scores 10% Wage Hike for Working Class A

    From John D Groenveld@21:1/5 to All on Thu Feb 9 12:19:36 2023
    Via Breitbart Immigration, Breitbart.COM/immigration, see John Binder
    on whether Donald Trump regrets taking Jared Kushner's advice to
    downplay the National Question on the camapaign against Joe Biden and
    Kamala Harris: <URL:https://www.breitbart.com/politics/2023/01/27/wsj-tight-labor-market-scores-10-wage-hike-for-working-class-americans/>
    | While wages across the board increased 7.4 percent in 2022 compared
    | to 2021, that rate only slightly exceeded the rate of inflation
    | which stood at 7.1 percent by the end of 2022.
    |
    | The Journal reports:
    |
    || Black workers, young workers and people on the bottom of the
    || income scale were among those who saw the largest pay increases last
    || year, when employers were readily handing out raises in a tight
    || labor market and high inflation environment. [Emphasis added]
    ||
    || ...
    ||
    || For some workers, the gains were even larger. The median raise
    || for Black Americans employed full time was 11.3%, compared with the
    || prior year. Weekly pay for workers between 16- and 24-years old rose
    || more than 10%. The bottom 10th of wage earners--those that make
    || about $570 a week--saw their pay increase by nearly 10%. [Emphasis
    || added]
    |
    | Weeks ago, White House Council of Economic Advisers member Jared
    | Bernstein noted that tight labor markets are a win for working and
    | lower-middle-class Americans as it gives them stronger negotiating
    | power over business.
    |
    | Some data, though, suggests that President Joe Biden's insistence on
    | having millions of low-wage border crossers and illegal aliens join
    | the labor market since 2021 has slowed down gains for the lowest of
    | wage earners -- those most likely to compete against these new
    | arrivals.

    Does Kellyanne Conway fear Ken Griffin and Lachlan Murdoch will allow
    Ron DeSantis to outflank Trump by using their campaign stump to make
    the case for an immigration moratorium?
    John
    [email protected]
    --
    "Joe Biden -- fresh from lecturing us about how Donald Trump is a
    criminal because he had unauthorized possession of secret documents
    -- that very same Joe Biden, himself had unauthorized possession of
    secret documents. But don't worry. It's no big deal.
    https://t.co/4ZEs6xwGkn https://t.co/g0F0EoT0RB" - Tucker Carlson <URL:https://twitter.com/TuckerCarlson/status/1613280956236062720>

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