{"id":303483,"date":"2025-02-13T05:25:09","date_gmt":"2025-02-13T05:25:09","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=303483"},"modified":"2025-02-14T07:57:24","modified_gmt":"2025-02-14T07:57:24","slug":"the-bidenomics-atrocity-7-migrant-jobs-for-each-american-job","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=303483","title":{"rendered":"The Bidenomics Atrocity: 7 Migrant Jobs for Each American Job"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong>Neil Munro \u2013 Breibart.com Feb 12, 2025<\/strong><\/h1>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2024\/10\/blinken-behind-biden.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-295977\" src=\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2024\/10\/blinken-behind-biden.jpg\" alt=\"\" width=\"640\" height=\"379\" srcset=\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2024\/10\/blinken-behind-biden.jpg 640w, https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2024\/10\/blinken-behind-biden-480x284.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 640px, 100vw\" \/><\/a><\/p>\n<p>The results are in: The Democratic Party\u2019s Bidenomics strategy produced a disastrous score of just 160,000 extra jobs for Americans during each year of President Joe Biden\u2019s presidency.<\/p>\n<p>President Joe Biden\u2019s dismal Bidenomics also created jobs for 4.7 million migrants \u2014 including <a href=\"https:\/\/cis.org\/Camarota\/New-January-Data-Still-Shows-Most-Job-Growth-Going-Immigrants-88-2020-72-last-year\">almost three million illegals,<\/a>\u00a0according to federal data collected by\u00a0the Center for Immigration Studies and <a href=\"https:\/\/cis.org\/Camarota\/New-January-Data-Still-Shows-Most-Job-Growth-Going-Immigrants-88-2020-72-last-year\">reported<\/a>\u00a0on February 7.<\/p>\n<p>So Bidenomics created 7.3 migrant jobs for every job gained by an American, even as it also exploded the national debt <a href=\"https:\/\/www.investopedia.com\/us-debt-by-president-dollar-and-percentage-7371225\">by $8 trillion<\/a>.<\/p>\n<p>Bidenomics also flatlined wages, spiked housing costs, and slowed workplace investment.<\/p>\n<p>The Bidenomics 7:1 policy \u2014 4.7 million jobs for migrants, 645,000 for Americans \u2014 was deliberate.<\/p>\n<p>Bidenomics deliberately stranded millions of working-age Americans <a href=\"https:\/\/www.bls.gov\/charts\/employment-situation\/employment-population-ratio.htm\">outside<\/a> the workforce, <a href=\"https:\/\/twitter.com\/kevinvdahlgren\/status\/1886427731740787066\">without jobs<\/a> or prospects, <a href=\"https:\/\/www.breitbart.com\/news\/us-homelessness-hits-new-record-in-2024-report\/\">often homeless<\/a> and <a href=\"https:\/\/www.nytimes.com\/2025\/02\/08\/opinion\/fentanyl-addiction-drug-policy.html\">on drugs,<\/a>\u00a0and usually dependent on expensive government aid.<\/p>\n<p>\u201cThe share of working-age (16 to 64) U.S.-born men not in the labor force \u2014 neither working nor looking for work \u2014 is likely 22.1 percent in January 2025 and remains near a historic high for an economic expansion,\u201d the Center for Immigration Studies <a href=\"https:\/\/cis.org\/Camarota\/New-January-Data-Still-Shows-Most-Job-Growth-Going-Immigrants-88-2020-72-last-year\">reported<\/a> February 7. The 22 percent \u2014 one in five! \u2014 is far above the 16.6 percent seen in January 2000.<\/p>\n<div align=\"center\">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Told to lie about being a drug addict to receive services.\u00a0 <a href=\"https:\/\/twitter.com\/tarafaul503?ref_src=twsrc%5Etfw\">@tarafaul503<\/a>\u00a0 and I met a homeless man who shared he once tried to sign up at one of the largest homeless non-profit programs in Portland, but was told they would only help him if he admitted he was an addict. <a href=\"https:\/\/t.co\/5gqIzTn5Sx\">pic.twitter.com\/5gqIzTn5Sx<\/a><\/p>\n<p>\u2014 Kevin Dahlgren \uf97e \uf97e (@kevinvdahlgren) <a href=\"https:\/\/twitter.com\/kevinvdahlgren\/status\/1886427731740787066?ref_src=twsrc%5Etfw\">February 3, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n<p>If Biden and Congress had cared, roughly 5 million working-age American men could have been found, trained to use work-multiplying machinery, de-toxified, put back on their feet, and hired into starter jobs.<\/p>\n<p>But Biden\u2019s deputies repeatedly showed that they favored importing more migrants than the once-normal option of helping millions of ordinary Americans get ready for high-productivity jobs.<\/p>\n<p>\u201cAs our economy grows, we need workers that we just don\u2019t have enough of,\u201d Katie Tobin, the senior director for<strong>\u00a0<\/strong>transborder security\u00a0on\u00a0the National Security Council, <a href=\"https:\/\/www.breitbart.com\/economy\/2023\/05\/21\/white-house-bidens-migration-is-an-economic-strategy\/\">told a D.C. audience<\/a> in May 2023. \u201cSo it is in our interest to bring people in and to stay competitive globally.\u201d<\/p>\n<p>\u201cWe look to the north, with Canada,\u201d migration czar Alejandro Mayorkas <a href=\"https:\/\/www.breitbart.com\/immigration\/2024\/09\/10\/alejandro-mayorkas-denounces-deportations-doubles-down-on-cheap-labor-bidenomics\/\">told a Texas audience<\/a> in September:<\/p>\n<p style=\"padding-left: 40px;\">Canada takes a look at its market needs, and it says, \u201cYou know what? We need 700,000 foreign workers to address our labor needs domestically.\u201d And, so, they build a visa system for that year to address the current market condition. And they say, \u201cWe\u2019re going to bring in a million people.\u201d And it\u2019s market sensitive.<\/p>\n<p style=\"padding-left: 40px;\">We [in the United States] are dealing with numerical caps on labor-driven visas that were set in 1996. It\u2019s 2024. The world has changed. It is remarkable how there can be [elite] agreement that [the visas system] is broken and not have an agreement on a solution. The country is suffering as a result of it.<\/p>\n<p>During their four years, Buden\u2019s deputies replaced those Americans with a flood of roughly 9 million southern migrants, roughly three million legal airport migrants, and roughly 4 million temporary migrants. Those airport arrivals included roughly 1.5 million white-collar workers carrying H-1B, J-1, L-1, and OPT\/EAD visa documents that allow them to take jobs from American college graduates.<\/p>\n<p>That huge inflow displaced many Americans from jobs, cities, and the workforce. The displacement was so massive that the share of Americans who held jobs arguably <a href=\"https:\/\/twitter.com\/jasonfurman\/status\/1889097932554596838\">declined during Biden\u2019s years<\/a>. In a chart posted by Harvard economist Jason Furman, the other countries that did badly on that measure were the migration-flooded United Kingdom, Canada, and Germany.<\/p>\n<p>Mayorkas, Tobin, and Biden\u2019s other deputies had several reasons to prefer <a href=\"https:\/\/twitter.com\/jasonfurman\/status\/1888660390084587783\">inviting migrants<\/a>\u00a0over helping their fellow Americans.<\/p>\n<p>First, migration is a rapid way to expand the national pool of consumers, workers, and renters before the next election. Migration means there is no need to wait 25 years for Americans to marry, raise their kids, and get them into jobs. Their get-rich-quick policy worked; The inflow of migrants quickly expanded the economy, creating a rush of extra profits and new stock values for investors \u2014 even as the rush of migrants pushed down wages and pushed up housing costs for ordinary Americans.<\/p>\n<p>Second, the rush of migrants held down the wage-driven inflation once the gusher of Biden spending spilled into pay packets and weekly wages. That was good for the White House\u2019s friends on Wall Street. For example, Goldman Sachs <a href=\"https:\/\/www.breitbart.com\/immigration\/2022\/05\/24\/goldman-sachs-import-workers-to-cut-wages-by-100-billion\/\">celebrated the inflow<\/a> of wage-cutting migrants because it would reduce inflation.<\/p>\n<p>Third, Biden\u2019s deputies favored more migration because it reduced the pressure on employers to divert their profits and stock values toward greater workplace productivity.<\/p>\n<p>Normally, productivity improvements \u2014 such as better-skilled workers, swifter robots, and subtle software \u2014 <a href=\"https:\/\/www.breitbart.com\/immigration\/2024\/05\/03\/larry-fink-migration-bad-productivity-wealth\/\">are very desirable<\/a> because they generate both extra profits for CEOs and higher wages for workers. However, productivity improvements are expensive, so they reduce near-term quarterly profits, stock values, and executive bonuses. This means that most investors are loath to invest in productivity \u2014 especially because the government has <a href=\"https:\/\/www.breitbart.com\/tag\/extraction-migration\/\">deliberately helped them<\/a> by extracting millions of workers and consumers from poor countries since 1990.<\/p>\n<p>The results of this\u00a0<a href=\"https:\/\/www.breitbart.com\/immigration\/2024\/05\/03\/larry-fink-migration-bad-productivity-wealth\/\">cheap labor vs productivity<\/a>\u00a0trade-off can be tracked over a few years. For example, the loss of migrant labor during Trump\u2019s first-term crackdown and the coronavirus disease \u201cspurred approximately an additional $55 billion in investment in the U.S. economy,\u201d the Federal Reserve Bank of St. Loius <a href=\"https:\/\/www.stlouisfed.org\/on-the-economy\/2024\/jun\/worker-scarcity-spur-investment-automation-productivity-evidence-earnings-calls\">reported<\/a> in June 2024. But the investment fell \u2014 and <a href=\"https:\/\/twitter.com\/jasonfurman\/status\/1887514311393710471\">so did\u00a0productivity gains<\/a> \u2014 once Biden\u2019s deputies <a href=\"https:\/\/twitter.com\/jasonfurman\/status\/1888660390084587783\">flooded the labor market<\/a> with cheap migrant workers.<\/p>\n<p>Basically, Biden\u2019s team stuffed the economy with more federal dollars, unproductive workers, consumers, and renters \u2014 and the stock market zoomed to record levels. MorningStar.com <a href=\"https:\/\/www.morningstar.com\/news\/marketwatch\/20250119180\/a-final-look-at-how-the-us-stock-market-performed-under-joe-biden\">reported<\/a>:<\/p>\n<p style=\"padding-left: 40px;\">The 46th president of the United States is bringing his time at the White House to a close with the S&amp;P 500 SPX up over 55% since he took office on Jan. 20, 2021. The Dow Jones Industrial Average DJIA advanced more than 39% over the same period, while the tech-heavy Nasdaq Composite COMP jumped nearly 46%, according to Dow Jones Market Data.<\/p>\n<p>But there was a flaw. The migrant workers also need to sleep and eat, and so they fuelled rent, housing, and food inflation far more than Biden\u2019s deputies expected.\u00a0\u201cOn net [after inflation], real wages have fallen since January 2021.\u201d former White House economist Furman wrote in a <a href=\"https:\/\/www.foreignaffairs.com\/united-states\/post-neoliberal-delusion\">February 10 article<\/a> for Foreign Affairs.\u00a0 Once inflation ate into wages, ordinary Americans averaged a <a href=\"https:\/\/twitter.com\/JStein_WaPo\/status\/1888981879518269540\">wage gain of less than half a percent<\/a> during Biden\u2019s four years.<\/p>\n<p>Furman\u2019s economic analysis is titled \u201c<a href=\"https:\/\/www.foreignaffairs.com\/united-states\/post-neoliberal-delusion\">The Post-Neoliberal Delusion And the Tragedy of Bidenomics<\/a>.\u201d<\/p>\n<p>The analysis is echoed by one of Elon Musk\u2019s investor friends, Chamath Palihapitiya. He is an immigrant from Sri Lanka who founded <a href=\"https:\/\/en.wikipedia.org\/wiki\/Social_Capital_(venture_capital)\">Social Capital<\/a>, which seeks to make money from the health, financial services, and education sectors.<\/p>\n<div align=\"center\">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"zxx\"><a href=\"https:\/\/t.co\/DidGoDSsA4\">pic.twitter.com\/DidGoDSsA4<\/a><\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1888282955992187258?ref_src=twsrc%5Etfw\">February 8, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n<p>Ironically, Trump and his GOP deputies gained many new jobs in January 2025 when the understandably angry voters defenestrated Biden and his deputies in November.<\/p>\n<p>Despite the obvious damage and chaos, the establishment\u2019s media is still hiding the Biden\/Mayorkas economic disaster from citizens, mostly by posting sympathetic stories urging Americans to empathize with unlucky but hard-working migrants.<\/p>\n<p>On February 4, the <em>Washington Post<\/em> <a href=\"https:\/\/www.washingtonpost.com\/immigration\/2025\/02\/04\/trump-tps-venezuela-immigrants\/\">reported<\/a> on two imported workers who Mayorkas \u201cparoled\u201d into U.S. jobs to reduce the pressure on U.S. employers to raise wages:<\/p>\n<p style=\"padding-left: 40px;\">Among them were a 25-year-old man from the Boston area who asked that his name not be used, because he, his wife and their 3-year-old daughter fear losing their temporary protection and being deported<strong>\u00a0<\/strong>to Venezuela. He said they fled extreme poverty and fear under the authoritarian regime of Nicol\u00e1s Maduro in 2023, and trekked for three months through<em>\u00a0<\/em>a<em>\u00a0<\/em>hazardous jungle and north into Mexico in order to reach the U.S. border.<\/p>\n<p style=\"padding-left: 40px;\">In Venezuela, he worked as a construction worker for $30 a week, unable to pay for basics such as milk. In Massachusetts, he earns $180 a day working on a demolition crew and moonlights cleaning at a hotel. His wife also has a job cleaning at a hotel. He said Trump is wrongly portraying Venezuelans as criminals. \u201cWe came to this country to work,\u201d he said.<\/p>\n<p>For the moment, President Donald Trump is helping to fix the mess by blocking the arrival of Mayorkas\u2019 illegal and quasi-legal migrants. He is also helping by deporting perhaps 1,000 migrants a day, starting with criminals and migrants who have lost their legal appeals to stay.<\/p>\n<p>Predictably, establishment media outlets worry that Trump\u2019s shutdown of the Mayorkas migration might raise wages for ordinary Americans. For example, Politico.com <a href=\"https:\/\/www.politico.com\/news\/2025\/02\/07\/immigration-job-gains-down-00203005\">reported<\/a>\u00a0on February 7 that \u201ca broad-based crackdown on immigrants could slow the economy\u2019s expansion and choke off a supply of workers that\u00a0<a href=\"https:\/\/www.kansascityfed.org\/research\/economic-bulletin\/rising-immigration-has-helped-cool-an-overheated-labor-market\/\">Kansas City Fed researchers<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.spglobal.com\/ratings\/en\/research\/articles\/250116-economic-research-slowing-immigration-could-derail-u-s-economic-growth-momentum-13387274\">others say\u00a0<\/a>have alleviated staffing shortages and <strong>eased wage pressures<\/strong> [emphasis added].\u201d<\/p>\n<p>Rationally, business lobbyists are now working to ensure Mayorkas\u2019 roughly 9 million illegals can stay \u2014 and to ensure the continued inflow of more migrants and visa workers.<\/p>\n<p>On February 10, <a href=\"https:\/\/www.businessinsider.com\/immigration-corporate-lobbyists-trump-mass-deportations-make-america-wealthy-again-2025-2\">BusinessInsider.com<\/a> reported that a \u201cMake America Wealthy Again\u201d [MAWA] lobbying campaign seeks to persuade Trump to keep most migrants:<\/p>\n<p style=\"padding-left: 40px;\">\u201cTrump as a businessman understands that if he doesn\u2019t have 200 guys cutting the grass at his golf courses, then they don\u2019t look right, and people won\u2019t want to play golf there,\u201d says Cristina Antelo, the founding principal at Ferox Strategies, a lobbying firm that counts the National Retail Federation, Walmart, and the tobacco giant Reynolds America among its clients. \u201cThere\u2019s a way to get to Trump and make him realize that. How many businesses does he need to hear from before he\u2019s like, \u2018Crap, I really am going to paralyze the entire US labor market if I do this\u2019?\u201d<\/p>\n<p style=\"padding-left: 40px;\">The MAWA plan is to apply pressure on business allies in Trump\u2019s inner circle, rather than on the president directly, and to steer clear of Stephen Miller, the administration\u2019s most outspoken anti-immigration hard-liner. \u201cStephen Miller won\u2019t ever be convinced. Forget that,\u201d says a lobbyist from a prominent trade association. \u201cBut Trump can be convinced not to screw over fellow businesspeople. Miller isn\u2019t the only dude who has Trump\u2019s ear.\u201d<\/p>\n<p style=\"padding-left: 40px;\">\u2026<\/p>\n<p style=\"padding-left: 40px;\">In addition, lobbyists<strong>\u00a0<\/strong>have already begun reaching out to members of Congress\u00a0and their staffs \u2014 both on Capitol Hill and in their districts back home \u2014 via phone, Zoom, and in-person meetings. Several lobbyists describe a campaign of \u201cshock and awe,\u201d one that will seek to apply \u201c1,000 points of pressure\u201d to GOP members of Congress who understand that immigrants are willing to take low-paying, high-risk jobs that are shunned by most Americans. Among those being targeted is Rep. Glenn Thompson of Pennsylvania, who chairs the House Agriculture Committee.<\/p>\n<p>Trump\u2019s voters backed him because he seemed to promise he would Make <em>Americans<\/em> Great Again \u2014 not just America.<\/p>\n<p>If he resists pro-migration pressure from businesses, he may show Americans how a low-migration policy of \u201ctight labor\u201d can create greater productivity, higher wages, more trade, more innovation, and a stronger economy, as <a href=\"https:\/\/www.breitbart.com\/tag\/larry-fink\/\">Blackrock CEO Larry Fink argues<\/a>.<\/p>\n<p>But Trump is zig-zagging under lobbying pressure from people such as Elon Musk.<\/p>\n<p>On Sunday, February 9, for example, Trump <a href=\"https:\/\/www.breitbart.com\/economy\/2025\/01\/09\/trump-touts-pro-migration-article-amid-voter-blowback-on-white-collar-migrants\/\">again<\/a>\u00a0<a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/113975742204214541\">touted<\/a> a misleading article that defended the H-1B visa program which has been used since 1990 to push millions of American graduates \u2014 and their families \u2014 out of good careers.<\/p>\n<p>The <em>Wall Street Journal\u00a0<\/em>article echoed Mayorkas as <a href=\"https:\/\/www.wsj.com\/opinion\/trump-is-right-on-h-1b-visas-immigration-work-jobs-e3e9ec71\">claimed<\/a>\u00a0\u201cU.S. companies find it crucial \u2026 And [because] one way to reduce illegal immigration is to allow more legal pathways to meet the needs of the U.S. economy.\u201d<\/p>\n<p>Trump has yet to issue a formal policy statement on the <a href=\"https:\/\/www.breitbart.com\/politics\/2024\/12\/27\/poll-60-of-americans-says-u-s-does-not-need-any-more-h-1b-visa-workers\/\">increasingly unpopular inflow<\/a> of white-collar visa workers.<\/p>\n<p>But he may be forced to show his cards this week at his White House meeting with <a href=\"https:\/\/www.breitbart.com\/immigration\/2025\/02\/08\/deportation-uproar-india-threatens-trumps-trade-h-1b-talks\/\">India\u2019s Prime Minister<\/a>.<\/p>\n<div align=\"center\">\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Yes, thank God that President Trump was elected to halt the migrant invasion, restore democratic control of the bureaucracy, end communist lawfare and stop the ruthless weaponization of our intelligence and justice systems by the corrupt ruling class. <a href=\"https:\/\/t.co\/wbylyah71L\">https:\/\/t.co\/wbylyah71L<\/a><\/p>\n<p>\u2014 Stephen Miller (@StephenM) <a href=\"https:\/\/twitter.com\/StephenM\/status\/1888705230713274661?ref_src=twsrc%5Etfw\">February 9, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.breitbart.com\/immigration\/2025\/02\/12\/bidenomics-final-score-7-jobs-for-migrants-for-each-american-job\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bidenomics did this even as it also exploded the national debt by $8 trillion.<\/p>\n","protected":false},"author":39262,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[66,97],"tags":[],"class_list":["post-303483","post","type-post","status-publish","format-standard","hentry","category-Economics","category-european-migrant-crisis"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/303483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=303483"}],"version-history":[{"count":4,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/303483\/revisions"}],"predecessor-version":[{"id":303526,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/303483\/revisions\/303526"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=303483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=303483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=303483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}