Posted on 03/09/2019 8:45:08 AM PST by central_va
President Donald Trump’s “Hire American” policy pushed Americans’ wages up by 3.4 percent in the last 12 months, according to employment data released March 8.
(Excerpt) Read more at breitbart.com ...
On March 6, Trump told Apple CEO Tim Cook and other CEOs that he would open a new pipeline of cheap foreign workers for tech companies. That shift is good for companies who do not want to hire workers away from each other by offering escalating salaries.
The goal, said Trump, is to expand corporate revenues, profits, and stock prices:
These are very ambitious people around this table. They don’t like the concept of not expanding. Would you say that’s right, Barbara [Humpton, CEO of Siemens USA]? Barbara is not into non-expansion. So we want to have the companies grow. And the only way they’re going to grow is if we give them the workers.
Since early 2017, Trump has faced mounting corporate pressure to reverse his “Hire American” policy. That pressure has been growing as wages for white-collar workers inched up and has been growing stronger as wages for information technology workers rises. For example, wages for “information” employees rose 6.5 percent from $39.15 per hour in February 2018 up to $41.71 per hour in February 2019. In general, every dollar added to wages is a dollar cut from profits and causes a $15 cut in companies’ stock prices.
And that is enough for Trump to start expanding H1b Visas to depress wages again.
Somebody remind Trump the USA's job market is for Americans even if for a while wages do increase. Increasing wages and GDP used to be thought of as a good thing.
We are on the road to socialism and the Republican are laying the groundwork for the uni-party brothers, the DemoSocialists.
As far as I can tell the primary plank of the Republican Party is general wage suppression through legal immigration.
The 15 dollar part doesn’t make sense.
Some company’s stocks are 30 bucks while others’ are 1000 bucks.
MSFT is around 110 and google is over 1100.
What would be a few percent for one is over 10 percent loss for the other under the “15 dollars” rule.
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Just shows you the Republicans will buy any lie and do anything to justify stabbing us in the back.
Since Mount Rushmore is out of the question, I propose naming the largest cave in America after him.
Wages aren’t nearly high enough to justify this move by trump. If a company’s business plan requires substandard wages to remain profitable maybe it’s time for them to close up shop.
And Trump is letting the American worker down. Shame on him. And HHS is diverting money from Americans to medical services for “asylum “seekers.
Trump had better re-think this.
At 3.7% unemployment marginal workers are get fired are even working.
There’s nowhere left to go for skilled labor other than outside. As long as it’s legal immigration, what’s the problem?
The labor tach is redlined, have to go elsewhere for more economic growth.
Should read: At 3.7% unemployment, marginal workers who quickly get fired are what’s left.
YES it does.
I’m still Furious about so many republicans signing that STUPID anti hate garbage.
Omar or whatever her name is wasn’t anti hate. She was anti Jewish.
And nothing happened to her.
Nonsense, the facts here speak for themselves -- wages are growing nicely, thank you.
If company builds a new plant and hires 1,000 new workers, how many of those will be scarce specialized "information tech" workers?
A couple of dozen, maybe.
The remaining ~970 will be your average American production, office & supervisory people.
And they will help employ hundreds more in their local communities.
Yet, if the company cannot get qualified specialists, the plant can't open, period.
So in this example, we import a few specialists in order to employ many hundreds of average Americans.
I call that "Putting Americans First".
Thank you Mr. Trump!
The Republican party was not always like this. Pre WWII it had some redeeming nationalistic values.
No doubt some are guilty as charged, the WSJ comes to mind.
For one thing, they see high wages as a main driver of inflation.
And not so many years ago even Democrats saw protecting workers' wages as a major policy goal.
Today not so much.
But I think by now most Republicans did get the message and are onboard the Trump policies of working to drive up both employment and wages.
So the issue in this particular case is making certain the United States is not held back economically by shortages of critical skills.
And that is the Trump promise: merit based immigration founded on what we need as a nation, not people their home countries just want to get rid of.
Trump is not trying to suppress anybody's wages.
He is trying to make certain rapid economic growth can continue long into the future.
Oh God don't believe these corrupt corporate hacks. There is not shortage of any IT skills in the USA. They are replacing US workers with lower cost imported workers. They off shored factories for the same reason. These people are anti American crooks.
YES HE IS. THAT IS THE WHOLE POINT OF IMPORTING THESE PEOPLE, TO LOWER THE PREVAILING WAGE.
I have seen no data to support your claim here and have seen data saying the U.S. is way, WAY behind in training a new generation of technical & engineering specialists.
Trump supports merit-based legal immigration, of which these are examples.
That's because we import so much cheap IT labor. It's a difficult field, and the wages are kept artificially low. How is that attractive? And older workers just get replaced by plentiful young imports. We need more Americans in the field, which means we need fewer foreigners working here.
THE SITUATION IS DYNAMIC NOT STATIC! Wages weren't suppressed then more would go into IT plus there are many sidelined IT professionals now. YOU KNOW NOTHING . You are a FOOL.
Under Trump the Republican Party will continue to be the American wage suppression party.
It is not the role of government to artificially supply foreigners to industry at their beck and call. This is why the Republican Party will never be a majority party. EVER.
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