Breitbart Business Digest: Bidenomics Is Pushing Down Wages by Flooding the Country with Migrants

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Bidenonomics is putting downward pressure on American wages by increasing the labor supply through Joe Biden's open border policies.

increased the labor supply

“Labor supply has increased, largely on the supply and participation of immigrants, and an uptick in the participation of prime aged workers between ages 25-54,” said Olu Sonola, Head of U.S. Regional Economics. . Last year, wages rose around six percent, and now they are rising at a five percent annual rate, according to Fitch. Wage growth in the leisure and hospitality space—a prime employer for foreign workers—has declined significantly, Fitch writes.

If we set aside managers and supervisors, the average hourly wage in retail is up 4.1 percent compared with last August. A year ago, these employees were sitting on a 5.7 percent wage gain.lower than it was for most of the last year of the Trump presidencyOpen Borders Does Not Provide Relief from Inflation

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 610. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Breitbart Business Digest: Bidenomics Is Creating a Debt-Inflation SpiralThe Biden administration's deficit spending has become a big part of the inflation problem.
출처: BreitbartNews - 🏆 610. / 51 더 많은 것을 읽으십시오 »

Breitbart Business Digest: Services Sector Shrugs Off Recession TalkThe idea that economic growth is faltering received another blow on Wednesday when the Institute for Supply Management reported that the services sector expanded for the eighth straight month in August.
출처: BreitbartNews - 🏆 610. / 51 더 많은 것을 읽으십시오 »

Business Highlights: Victoria's Secret aims for more inclusive catwalk; Maui beckons back touristsBusiness Highlights: A summary of the day’s top stories in the business world.
출처: AP - 🏆 728. / 51 더 많은 것을 읽으십시오 »