The jobs report for August released by the U.S. Department of Labor's Bureau of Labor Statistics (BLS) has shown American-born workers are losing jobs to their foreign-born counterparts.
According to Fox Business, workers born in the U.S. lost over 1.3 million jobs over the last 12 months, while workers born on foreign soil enjoyed a gain of over 1.2 million jobs. This report comes alongside news that overall job growth only saw a slight lift in August and failed again to meet economist projections for the second consecutive month. (Related: Wall Street admits that ALL new jobs in past year went to illegal aliens.)
Moreover, the Congressional Budget Office (CBO) figures showed that the U.S. has gained a net of more than nine million immigrants since the end of 2020, only 2.6 million of which are "lawful permanent residents," or those known as green card holders and other migrants who used legal channels to enter the United States.
According to experts, the recent influx of illegal migrant workers has caused a dramatic shift in the U.S. jobs market, making it harder for low-skilled, native-born Americans to begin their careers.
"The influx of foreigners, that's having a couple of effects, one of which would be to keep native-born Americans out of the workforce," E.J. Antoni, a public finance economist and research fellow at the Heritage Foundation, told Fox Business.
According to Antoni, that influx has also worked to put downward pressure on wages.
"If you increase supply, you put downward pressure on price. What's the price in the labor market? We just call that wages," Antoni said. "If you have this massive influx of low-skilled labor, which is what we've seen over the last several years because of our wide open southern border… the effect of that has been a massive importation of low-skilled labor, which has depressed wage growth."
Foreign-born workers account for nearly a fifth of America's current workforce
The other 6.5 million migrants are classified as "other foreign nationals," including those who crossed the border illegally and have since stayed in the country and claimed asylum. The CBO estimates that number will continue rising through the end of 2026 when roughly 8.7 million "other foreign nationals" are projected to be present in the United States.
BLS data estimates that close to 30 million foreign-born workers are currently employed in the United States. By comparison, roughly 131.1 million native-born workers are currently employed – which means that foreign-born workers account for about 19 percent of the current workforce.
Antoni pointed out that wage growth was exceeding inflation under former President Donald Trump.
"Under the Trump administration, there was a very different influx of foreign labor. What you had during the Trump economy was more skilled labor. These are more productive workers. They're adding more to GDP, they're adding more to our higher standard of living. That's really what we want in an immigration system," Antoni noted.
"By essentially keeping wage growth very, very low for low-skilled jobs, in a time of high inflation, when people are going to demand more and more money, you're effectively telling a lot of young Americans it's not worth it to start your career right now."
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Watch the video below where Antoni discussed how the U.S. labor market is nowhere near as robust as people thought it was.
This video is from TrendingNews channel on Brighteon.com.
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