Posted on 02/21/2020 7:30:30 PM PST by NobleFree
President Donald Trump’s “Hire American,” low-immigration policy is giving American employees a larger share of company profits, so the federal government should raise the supply of foreign workers, according to a mournful editorial column in the Wall Street Journal.
“Corporate profits have been declining as employers increase wages to hire scarce blue-collar workers … corporate profits could soon drop to historic lows, which could reduce business investment and GDP growth,” says the editorial board’s complaint, titled “America’s Disappearing Workers.”
“Maybe the only short-term fix is to increase legal immigration—unless Americans want to see their living standards decline and more jobs exported,” the editorial concluded.
The nation’s workforce includes at least 164.6 million workers. None of those workers are “disappearing,” and CEOs are free to solve their labor shortages by recruiting workers from nearby companies.
However, CEOs are loath to start a bidding war for workers — even though the CEOs are very eager to see workers bid against each other for jobs by offering to accept lower wages or irregular scheduling.
The proposed policy of endless migration to keep wages low is being pushed by nearly all of the Democratic candidates for president. In contrast, Trump is running TV ads boasting of rising wages amid a “Blue Collar Boom”:
@GOP "This is a blue-collar BOOM!"—@realDonaldTrump #KAG
The WSJ editorial first admitted the good news about the supply, demand, and price of labor:
Many working-age men who dropped out of the workforce during the recession and early years of the recovery are relying on parents and government. Nearly 12% of 25- to 64-year-olds in Kentucky are not in the workforce because they claim a disability. Almost a quarter of 25- to 34-year-old men without a four-year degree live with their parents—twice as many as those with a bachelor’s. […]
(Excerpt) Read more at breitbart.com ...
Only a dumass globalist would view rising wages as a bad thing....sheeesh, whaddathey want, a return to slavery?
Don't give them any ideas.
Technically we are enslaved. $23 Trillion in debt.
When the last illegal alien is shown the door then we can talk about legal immigrants. Until then ...
We should have a serious welfare to work program to fill as many jobs as possible and reduce legal and illegal immigration.
No borders !
The George Soros New World Order.
Not even then - we haven't assimilated the 50+ billion legal immigrants we've admitted in the past few decades.
50 billion eh? LOL
Don’t worry, 93 million Americans are killed by guns every day according to Terry McAuliffe. That should make room.
There’s not only the added wage competition, but also the added welfare burden due to low skills and inability to speak English. It might make a difference if the new arrivals loved what made America great, but too many of them are socialists or Muslims who could care less and vote accordingly.
Maybe because they've learned the hard way that American consumers want the the lowest price and won't pay a premium for American labor?
This is pure Bernie Sanders blame the billionaires crap without being willing to look in the mirror.
On his show this evening, Tucker revealed a video of Chief of Staff Mulvaney stabbing the President in the back over this issue. He ought to be replaced. A Chief of Staff that calls his boss “a terrible person” is not to be trusted.
“Almost a quarter of 25- to 34-year-old men without a four-year degree live with their parents...”
Pussies
Left home at 15 to go to college...
What’s this writer’s Freeper name.
WSJ needs slaves
Ummm...NO.
Those that live off of the churn of other people’s money need us to be in debt, the margins are lower if we are not.
How ‘bout the big dogs take a pay cut???
I saw that. Trump really has to get on the stick.
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