Biden’s Labor Market: 1.9M Fewer Americans Working, 2M Foreign Workers Funneled into U.S. Jobs; Biden Grows Workforce with Foreign Workers, Americans Left on Sidelines
Biden’s Labor Market: 1.9M Fewer Americans Working, 2M Foreign Workers Funneled into U.S. Jobs:
At the end of 2022, 1.9 million fewer Americans were working than in 2019 before the Chinese coronavirus pandemic while President Joe Biden’s administration has funneled two million additional foreign workers into United States jobs.
A new analysis from the Center for Immigration Studies (CIS) shows that in the fourth quarter of 2022, close to two million fewer native-born Americans were working in jobs compared to the same time in 2019 while two million foreign-born workers have been added to the workforce compared to the same time period.
For more than two decades, the number of native-born, working-age Americans in the workforce has declined, CIS notes:
There has been a decades-long decline in the labor force participation rate of the U.S.-born of working-age (16 to 64), from 77.3 percent in 2000 to 73.5 percent in the fourth quarter of 2022. [Emphasis added]…
Biden Grows Workforce with Foreign Workers, Americans Left on Sidelines:
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]
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