Tell President Trump to reduce immigration!
In an interview with Fox News' Laura Ingraham on January 10th, President Donald Trump talked about potential 2021 plans to add more foreign graduates to the U.S. skilled labor market.
Any proposal to import millions of additional former students-turned-indentured foreign workers would hold down wages for recent college graduates and tech workers, and cause many more mid- and late-career Americans to be forced to train their replacements.
Ingraham noted that American graduates' salaries have been suppressed by the flood of foreign graduates and rejected the notion of business shortages:
"We don't have a tight labor market. If we had a tight labor market, we would be seeing real increases in wages. I hear that your team is planning on advocating more foreign workers coming in for some of these high-tech companies."
Trump responded:
"I have so many companies coming into this country, you're not going to have to worry about it," adding, "It is always going to be a shortage. We have so many companies coming in, from Japan [and] China now is going to start building a lot of things."
Noted pundit Eric Weinstein had a strong response to the interview in a thread on twitter:
I recommend reading the entire series of tweets.
The Wall Street Journal also wrote about new manufacturing perks, the kind of thing you start to see when the labor market tightens:new manufacturing perks to entice workers:
"To entice workers to move, manufacturers are raising wages, offering signing bonuses and covering relocation costs, including for some hourly positions. They are betting that spending on higher wages and moving incentives will help them find workers to fill their backlogs of orders."
Watch the interview, comment and tweet below.
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