It’s the Wages Stupid
The Bureau of Statistics has just released some new data that does not fare well for President Obama’s and the Democrat party concerning Americans wages. Our wages are dropping.
The Bureau of Labor Statistics (BLS) August report revised their prior numbers concerning Americans wages down and down in a big way. The BLS first stated that our wages grew in the first quarter of this year by 4.2%. They were only off by over 100% when they revealed in this new report they made a mistake in the amount of 4.6%. Their new “revised” numbers state that our wages did not grow by 4.2% but actually declined by .4%.
Ask yourself, how could the BLS be off by so much? I do not know the answer but it does not bode well for our government statisticians, does it.
The BLS’s new report stated:
Real hourly compensation decreased 0.4 percent after revision, rather than the previously-published increase of 4.2 percent
According to an article in Brietbart News one of the problems for such bad wage growth or at least in the first quarter of this year negative wage growth is immigration, yes the same negative consequence of immigration that I have been talking and warning about over the years.
The article stated:
One huge cause of declining wages is the federal government’s decision to import roughly 2 million migrants and guest-workers each year. They compete for work against the four million young native-born Americans who begin looking for work each year. That one-for-two flood of extra labor creates a huge surplus of U.S. workers, which drives down wages.
Who would have thunk it? When you have more people competing for a job the wages either stay stagnant or go down, it is just common sense ladies and gentlemen. Why some politicians do not understand that basic economic reality is beyond me. That makes me worry how unintelligent our elected politicians and the groups that support more immigration are, or as is so often it is just a political wedge issue for them to run on. Or worse they are pushing the increased immigration issue to pay back their donors or they just do not care about the American people.
As another example of how immigration affects our job prospects and wages it has been proven that when immigration is kept low, American’s wages rise during an economic growth period. So let’s look at a low-immigration period and see what happened. American’s wages rose quite a bit in the low-immigration decades between 1925 and 1969, as well as blue-collar wages rose in 1998 and 1999 when our fast-growing economy simply did not have enough people to fill the open positions.
You see facts and reality Trump politicians words.
It is not rocket science but apparently for some I guess it is.
Let’s talk about this today on The Live with Renk Show which airs Monday through Friday 9 a.m. to noon. To let me know your thoughts during the show please call (269) 441-9595.
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