The United States Department of Labor produced a video to highlight the American worker and the accomplishments of the Donald Trump administration to achieve the lowest rate of unemployment and the highest number of workers on the job.
The agency posted a video on its website revealing that a record 157 million Americans are working and the country has the lowest unemployment rate on Labor Day (3.7 percent) in 1969 and unemployment had been at or below 4 recent for 17 months in a row.
On Labor Day 2019 there are 7.3 million job openings in the U.S.. according to the agency.
The video reveals other relevant statistics including:
- 99 percent of Americans got a bigger raise, the Wall Street Journal reported in July
- Wage growth at or above three percent for 12 straight months
- “Job Switchers See Best Wage Gains Since 2007” — Bloomberg News
- Set or matched record low unemployment for veterans and Asian Americans, Hispanics, and the disabled
- Second lowest mining fatalities on record
- 45,800 workplace injuries in the last reported year
- Trump administration introduces apprenticeship program
- U.S manufacturers pledge to train 1.2 million workers amid skilled labor shortage
- Labor has taken 25 “deregulation actions”
- $304 million in back wages recovered in fiscal year 2018
“The mission of the Department of Labor is to foster, promote, and develop the welfare of the wage earner, job seekers, and retirees of the United States; improve working conditions; advance opportunities for profitable employment; and assure work-related benefits and rights,” the website states.
Acting Secretary of Labor Patrick Pizzella released a statement to mark Labor Day, which said in part:
Today, we mark the 125th Anniversary of Labor Day, a federal holiday that was created out of appreciation and respect for the work done by the men and women of this country.…I am fond of President Theodore Roosevelt’s quote during a Labor Day celebration, he said, ‘Far and away the best prize that life has to offer is the chance to work hard at work worth doing.’
“We remember those who will be working this Labor Day to protect and care for us including police officers, firefighters, health care workers, members of the military, and many others,” Pizella said.
https://www.breitbart.com/politics/2019/09/02/record-number-americans-working-157-million-job-u-s/
Job-Hopping Young Workers Getting Huge Wage Gains, Says Business Center
Young Americans got an eye-popping 7.6 pay increase from late 2017 to late 2018, according to a survey of 2,000 Americans by the D.C.-based Conference Board, a business-run economic research center.
The good news was touted by the White House, with a headline reading, “Younger Workers Report Biggest Gains in Happiness With Pay,” and a Labor Day tweet from President Donald Trump.
....Average hourly wages growth has far outpaced what we saw with President Obama. Across all industries, from mining and construction, to leisure & hospitality, With President Trump we see income growth in states like Iowa, Ohio, Pennsylvania, Wisconsin, Nevada, Florida,......
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Young people are more likely to get pay raises because they are more willing to switch employers in President Donald Trump’s go-go economy, according to Gad Levanon, the chief economist at the board.
“Young workers are more likely to be new hires,” Levanon told the Wall Street Journal. “When you hire someone new, you have to go to the market and those wages are much more sensitive to labor-market conditions.”
The Wall Street Journal reported:
American workers under 35 report being happier with their paychecks than people over 55 for the first time since at least 2011, according to a new report from the Conference Board, a business-research organization that polls U.S. employees about workplace satisfaction.Overall, the share of workers satisfied with their paychecks rose to 46.4% in 2018, from 43% in 2017, an increase that mirrors federal data showing that wage growth accelerated in 2018. The biggest leap came from millennials and Generation Z, whose enthusiasm for their compensation shot from 36% in 2017 to nearly 46% a year later.Overall, median weekly earnings rose 5% from the fourth quarter of 2017 to the same quarter in 2018, according to the Bureau of Labor Statistics. For workers between the ages of 25 and 34, that increase was 7.6%.
The trend has continued throughout 2019, suggesting that younger workers will walk into the 2020 voting booths carrying much fatter wallets.
But Trump’s economy has a long way to go before it can reach prior levels of optimism, the Wall Street Journal said:
Nearly 54% of U.S. workers said they were satisfied with their jobs in 2018, the highest share reported in more than two decades.…Despite the mostly good news for workers and their employers, the 2018 data look less rosy in historical context. In 1987, the first year of the survey, job satisfaction hovered above 61%. Since then, the quality of Americans’ work lives has been eroded by a fraying sense of loyalty between employees and employers, the decline of workers’ bargaining power through unions, and the rise of outsourcing, among other factors, Mr. Levanon said.
In part, wages are being driven up because Trump’s “Hire American” promise is preventing investors from importing all of the cheap labor they want. Also, Trump’s growing economy is forcing investors and CEOs to compete for American workers and to invest in labor-boosting machines, such as robots.
American engineers are being hired to pick strawberries with robot machines b/c Trump is constricting the supply of (hard-working) foreign migrants who pick strawberries by hand. IOW, win-win for Americans. bit.ly/2lzlAzH
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Immigration Numbers:
Each year, roughly four million young Americans join the workforce after graduating from high school or university. This total includes about 800,000 Americans who graduate with skilled degrees in business or health care, engineering or science, software, or statistics.
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 — including approximately 1 million H-1B workers and spouses — and about 500,000 blue-collar visa workers.
The government also prints out more than 1 million work permits for foreigners, it tolerates about 8 million illegal workers, and it does not punish companies for employing the hundreds of thousands of illegal migrants who sneak across the border or overstay their legal visas each year.
This policy of inflating the labor supply boosts economic growth for investors because it transfers wages to investors and ensures that employers do not have to compete for American workers by offering higher wages and better working conditions.
This policy of flooding the market with cheap, foreign, white-collar graduates and blue-collar labor also shifts enormous wealth from young employees towards older investors, even as it also widens wealth gaps, reduces high-tech investment, increases state and local tax burdens, and hurts children’s schools and college educations.
The cheap-labor economic strategy also pushes Americans away from high-tech careers and sidelines millions of marginalized Americans, including many who are now struggling with fentanyl addictions.
The labor policy also moves business investment and wealth from the Heartland to the coastal cities, explodes rents and housing costs, undermines suburbia, shrivels real estate values in the Midwest, and rewards investors for creating low-tech, labor-intensive workplaces.
The New York Times laments that reduced immigration does force wages upwards and also does force companies to buy labor-saving, wage-boosting machinery. Instead, NYT prioritizes "ideas about America’s identity and culture.” bit.ly/2Zp2u2J
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