This is from an official government department study. And it only counts those who snuck through the border illegally and are literal illegal aliens in every sense of the word. It does NOT count all the huge numbers of migrants that the Biden Administration has been automatically admitting to the country under the guise of being "asylum seekers". Indeed, I would suspect that if half the jobs have gone to illegal immigrants, it's then almost a certainty that the other half must have gone to the other migrants. The Biden Administration and Democrat supporting media touts that the economy has been "creating jobs", but it's questionable whether any of these total new jobs have gone to Americans. Around half of U.S. jobs gains may be from undocumented immigrants Around half of U.S. jobs growth this year has likely come from undocumented immigrants, which may suggest that the labor market is not as strong as thought, according to analysts at Standard Chartered Bank NY Branch. Steve Englander, Head, Global G10 FX Research and North America Macro Strategy, and Dan Pan, Economist, Americas, estimate that undocumented workers account for 109,000 jobs out of the average 231,000 monthly increase in jobs so far this year. That is based on an examination of detailed data from U.S. Customs and Border Protection and U.S. Citizenship and Immigration Services. They also note that they may be underestimating this figure since undocumented immigrants often have limited access to benefits, so they may be heavily motivated to find employment. The analysts define undocumented immigrants as "those who entered the US through non-traditional immigration pathways, such as asylum seekers, parolees and refugees" and are counting those that have an Employment Authorization Document. Based on this evaluation, the U.S. economy may not be as strong as thought, and that may have consequences for the U.S. Federal Reserve. Standard Chartered estimates that nonfarm payroll (NFP) gains may be around 125,000 per month excluding these workers. "Such a pace is not recession but is hardly boom time and represents a moderate underlying pace of labour demand," the analysts said. Around half of U.S. jobs gains may be from undocumented immigrants, Reuters, Karen Brettell, May 31, 2024 As of May 2023, there were more than 1.3 million asylum applications awaiting processing (source here), if that some idea how many migrants have been admitted into the country who are not counted as "illegal aliens" for official purposes. In February 2024, the foreign-born population in the United States hit a new high of 51.4 million, representing 15.5 percent of the U.S. population. (source here) related thread: All the job growth since 2019 has gone to immigrants, less educated men hurting (Feb 26, 2024)
yet the Republican run FED said the number one threat was rising wages and raised the rates to stop them from rising, if we have enough workers, then the FED needs to lower rates
This is a lie which you continue to repeat and spout. I've responded to your claim in numerous other threads, but you never respond back with any half-decent explanation. I'll tell you what, FreshAir, if you would like to start a new thread about that claim (and you can leave the link to that new thread in this thread), then I will have a discussion with you, and repeat everything I have already told you about that, over and over again, in other threads. It seems to me, FreshAir, voters on the Left aren't taking responsibility for their own policies, or don't seem to understand basic connections in economics. To make it really simple: Government spent too much money. This results in the Fed having to print more money. This results in rising pressure in the market for interest rates to rise. It then becomes more and more difficult for the Fed to keep interest rates down without that causing even more inflation (which can become an exponential snowballing effect). Despite what some people like you may think, the Fed can't just set interest rates at whatever they want forever. But no surprise there's a lot of people on the Left who think government has "magical" control over the economy and can make anything that they want happen.
This wasn't simply just "Republicans". This was "Neoliberals" saying that. They are wrong, in my opinion. Or what they say has to be understood in a particular economic context - true in a specific situation but not absolutely true in general. Neoliberal ideology on the Republican side is partly responsible for the immigration mess the U.S. finds itself in. Yes, immigration lowers prices for many things, but it also lowers wage levels, and can increase the price of other things by putting more pressure on scarce space in big city areas and creating shortages of housing. (Not to even touch on the issue of indirect costs immigration can create) The discussion of alleged rising wages contributing to inflation is a long and complicated issue. Again, if you want to start a new thread, we can have that full discussion. When Neoliberals make this claim, I think what they actually mean to claim is either they think a "labor shortage" exists in the economy, or they blame rising inflation on rising wages, rather than other alleged causes, and argue that rising wage levels do not really help people. (the whole "wage-price spiral" theory) Trying to bring the issue of immigration into this theory really changes everything, and makes it a different issue (in my opinion).
I've 'heard' about a guy around here on the Front Range area in Colorado who owns a business that employs about 130 people, and he's one of these who skirts the law and hires 'not-adequately-documented-aliens' every ****ing chance he gets! The reason is so obvious, but it's two fold: 1. They work CHEAP, on a cash basis, with no taxes paid, 'under the table'. 2. They work harder, more efficiently, and with more focus and energy than White American Millennials and Gen Z'ers do. The irony? Many Republican business owners and so-called "Conservatives" piss and moan about the 'migration problem', but secretly they love it because it makes them money, and, it saves them money!
On the small individual scale, it may make them money, but on the larger economic scale, it may be a different story. Here's one way to view it. If a man owns a farm, and the only source of employment for this man's son is his farm, does it really make economic sense to be hiring a foreigner from outside to do that work? People are hiring undocumented migrants from other countries, who will work for cheap, but then these same people are also complaining that their children can't find decent paying jobs. Does this situation really make economic sense, in the totality of things? And people wonder why the level of economic inequality is rising? As for the individual business owners who hire illegal aliens, I almost don't blame them. They have to, because so many of the other businesses are doing it too. Business is a very competitive place, and if another business is finding a way to cut costs, your business is going to be under a lot of pressure to do that too, otherwise it will be easier for your competitor to offer lower prices. It's similar phenomena to why, during the era of U.S. slavery, virtually all the cotton was produced through slave labor. Maybe there were some plantation owners who knew slavery was not a good thing, and didn't approve of it, but there was no way they could operate a plantation and stay in business without using slavery.
The FED said as much, you can deny it, but they said rising wages were their biggest fear and why they were raising interest rates "Fed’s Powell cites top barrier to taming inflation — workers’ wages" https://www.politico.com/news/2022/11/30/feds-powell-inflation-workers-wages-00071403 "Federal Reserve Chair Jerome Powell on Wednesday said the biggest remaining barrier to taming inflation is the shortage of workers, which is giving Americans greater clout to seek higher pay." the Republican run FED is trying to slow the hot Biden Economy, they believe wages rising too much, if you get more than a 2% raise, Republicans feel you are part of the issue “To be clear, strong wage growth is a good thing,” he said. “But for wage growth to be sustainable, it needs to be consistent with 2 percent inflation.” That will require reducing demand for labor"
related thread: Trump: Biden's Mass Migration Is Skyrocketing Rents, Housing Costs (moved to 'Elections & Campaigns', June 8, 2024 )
August jobs report shows job losses for US-born workers, gains for foreign-born The latest data from the Bureau of Labor Statistics shows a significant divergence in employment trends between native-born Americans and foreign-born workers over the past 12 months. According to the August jobs report, reported by FOX Business, U.S.-born workers lost more than 1.3 million jobs, while foreign-born workers gained over 1.2 million jobs during the same period. The jobs report comes amid a period of increased immigration under the Biden-Harris administration. Data from the Congressional Budget Office reveals that more than 9 million immigrants have entered the U.S. since the end of 2020. August jobs report shows job losses for US-born workers, gains for foreign-born , Austin Williams, Yahoo News Jobs report is a boom for migrants, slump for Americans, Michael Dorgan, FOXBusiness, September 6, 2024
