Trump's economic experiment: Growth without immigrants
by Sean Higgins | June 12, 2018 12:01 AM
The solution to tight labor markets in the past has been to import more workers by easing up on immigration rules. The Trump administration has a different view, though. It doesn't view a tight labor market as a problem. Alan Diaz/AP
The nation's unemployment rate is at a 49-year low and wages are finally rising after years of stagnation. But President Trump is handling the tight labor market by restricting immigration laws, not loosening them as previous administrations have done.
He's effectively conducting an economic experiment: Will the problem of a tight labor market solve itself by forcing wages higher or will the lack of new workers hobble that growth?
The unemployment rate in May fell to 3.8 percent, the lowest it has been since 1969. Average hourly wages have risen by 2.7 percent, or 71 cents over the past year. In June, Costco reported that it would set its minimum opening wage at $14 an hour, a $1 boost for an entry-level position.
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READ MORE: https://www.washingtonexaminer.com/policy/economy/trumps-economic-experiment-growth-without-immigrants
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Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog"
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