Biden's "America Last" policies are boiling to the surface.
Last month he sued Elon Musk for not hiring illegals.
Now his focus is to make sure that foreigners are put in important positions all over America.
This is the best way I know of turning America into something other than America.
Diversity and Equity. Build Back Better.
President Joe Biden is projected to hugely boost the foreign-born workforce in the United States, adding about half a million to fill American jobs while tens of millions of Americans remain out of the labor market entirely.
Analysis from Goldman Sachs economists projects Biden’s ramping up the nation’s legal immigration system — which brings more than a million foreign nationals to the United States on green cards annually in addition to another million on temporary work visas — will add about 500,000 foreign workers to the workforce by mid-June of next year.
Monthly, the economists note, Biden is inflating the labor market with tens of thousands of foreign workers employers can hire, often at lower wages and with fewer benefits.
“… growth in the foreign-born labor force has accelerated by 50k to 160k per month this year, lifted by a surging foreign-born labor force participation rate (LFPR),” they write.
The ultimate result of adding millions of foreign workers to the workforce every few years, as Federal Reserve Chair Jerome Powell hinted at last month, is “rebalancing” the labor market so as not to be weighted in favor of employees but instead employers.
Keeping wages down is part of that result as well.
“This rebalancing has eased wage pressures,” Powell said. “Wage growth across a range of measures continues to slow, albeit gradually.”
LINKS
Bidenomics Isn't Working: Vast Majority of Americans Say Economy Is Bad And Getting Worse
Americans have overwhelmingly negative opinions of the U.S. economy and most think President Biden is mishandling the issue. | Economy
www.breitbart.com
Labor Day: Biden Looks to Add Half a Million Foreigners to Workforce as 44M Americans Remain on Sidelines
President Joe Biden is projected to hugely boost the foreign-born workforce in the U.S., adding about half a million to fill American jobs.
www.breitbart.com