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Too Many Cooks Spoil the Broth.
Yesterday the US Census Department released it’s annual report Income and Poverty in the United States:2018. It’s 77 pages of some heavy statistical comparisons of who we are, how much we make, and how we are doing v. previous years. In general there is pretty good news in it.
More Americans than ever are working. Wages rose an average of 3.3% for men and women alike. The percent of families and singles living in poverty reached record lows. These wins occurred regardless of skin color as well. Economists find much to like during a deep dive into deep details.
Trump’s unprecedented combination of “Hire American” and economic growth policies is helping create those wage gains nationwide. The growth policies pressure companies to hire more workers.
What follows is excerpted from a Breibart article printed yesterday.
The “Hire American” policy suppresses the inflow of legal and illegal migrants and also blocks demands from businesses for special infusions of cheap foreign labor, such as extra refugees, asylum-seekers, visa workers, and legal immigrants.
Trump’s low-immigration policies have prompted many progressives and Democrats to claim he is racist. But his growth and “Hire American” combination is pressuring companies to compete for Americans workers — including blacks and Latinos — by offering higher wages and better benefits.
One expected impact of the shortage is a growing number of non-white Americans who are being hired and are getting wage increases.
Each year about 4 million Americans enter the workforce after high school or college graduation. This includes about 800k of more highly skilled professionals in the business, engineering , medical, etc. world.
But the federal government then imports about 1.1 million legal immigrants and refreshes a resident population of about 1.5 million white-collar visa workers.
The net effect of the two keeps the labor wage market in check even in good economic times. In tougher times it drives the supply of good workers up and wages are held in check or even decrease. This makes American workers from all corners unhappy. This makes the corner of Wall Street happy. Good supply and low prices of in demand assets is always welcome by shareholders.
Which brings us to claims that Trump is a racist for his immigration and buy/hire America(s). Maybe he is a racist. It isn’t today’s post purpose to discuss.
It’s purpose is to ask if you scream about the amount of college debt, are concerned about individuals ability to repay, and want it forgiven by the government should you reexamine the effect of immigration on a society who’s population growth relative to yesteryear has slowed. If more work qualified immigrants (legal or not) enter the work force percentage wise v. US qualified workers you exacerbate the problem.
Wall St. benefits. Americans scream that the rich get richer. Students struggle with loans. Americans scream that we should help them. Millennials struggle to find work. Americans scream about the labor market. Wages rise too slowly. Americans scream about the income gap.
A good recipe has just the right amount of ingredients working together for a better meal. Balancing the outcome is a very delicate process. Put too much of one ingredient in and you spoil the soup. There is a big pot on the stove right now. Shouldn’t we step back and let the head chef decide how much of one is too much of one? After all can’t we agree that home cooked meals taste best?
Comment section
Engage. Enrage. Enjoy.
Ok, so lets feed the elephant in the room; Trump is in no way a racist. He’s just an asshole. There’s a huge difference.
He doesn’t care who he offends. He’s not selective in his hyperbole of offensive attacks. Nor does he even think twice about the content of his dynamic insults. It’s just that those who RECEIVE such verbal barrages are in fact judging their intent.
Then they’re exacerbated by media and groups who play the victim card alike. It’s how they survive. it’s the sympathy and rage effect.
I think your explanation dovetails extremely well with my constant retort when someone is willing to engage. My retort is “judge him by what he does, not how he does it, not what he says about doing it.’ It will be very interesting to see if he can sell the voting public on his results deserving 4 more years v. his detractors screaming about what he says about them.
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