• 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
    groenveld@acm.org
    --
    "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>

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)