Looking Behind The Numbers

On Wednesday, Breitbart posted an article about some of the recent employment numbers.

The article reports:

President Joe Biden’s administration is growing the United States labor market by adding millions of foreign workers for employers to hire, leaving jobless Americans on the sidelines.

Data published in the New York Times shows that the Biden administration is aiding employers by adding millions of foreign workers to the labor force — ensuring wages stay stagnant — even as native-born Americans struggle to get back into jobs since the Chinese coronavirus pandemic.

“The foreign-born workforce grew much more quickly than the U.S.-born workforce, Labor Department figures show,” the Times reports:

When the unemployment rate goes down, you would normally expect wage inflation to go up, but that’s not what’s happening,” said Torsten Slok, chief economist at Apollo Global Management. “So there must be something else moving in the labor force, and there is a very likely explanation here that immigrants are coming in and taking jobs.” [Emphasis added]

But despite the resurgence in the foreign-born labor force — about four-fifths of it are people legally allowed to work in the United States, by one calculation — there are bottlenecks. [Emphasis added]

The article includes the following charts:

The article notes:

By focusing on adding foreign workers to the labor market, the Biden administration is ignoring efforts to get native-born Americans back into the workforce. The administration’s foreign competition addition to the labor force adds tremendous weight for the nation’s working and lower-middle class looking to find high-paying jobs with decent benefits packages.

The is the place where the uni-party is revealed. The Democrats want future voters; the country club Republican (the Chamber of Commerce party) want cheap labor for their corporate allies. No one is looking out for the middle class right now. The influx of foreign workers, both legal and illegal, creates downward pressure on wages. Corporations are out to make a profit, and many of those corporations have forgotten their scruples. Meanwhile, the Biden administration is destroying the middle class. Remember, a strong middle class is necessary for the survival and growth of our republic.