- 14 Feb 2024 08:04
#15304374
All the job growth since 2019 has gone to immigrants, less educated men hurting
The media is telling people that the economy is producing more jobs. But why aren't many people feeling that?
just a few highlights from the article:
Job gains are going to immigrants, and keeping young US-born men out of the workforce
Employment of U.S.-born is still below the 2019 level, while immigrant employment is well above
According to the latest numbers, employment of US-born workers is still below 2019 levels.
Of the 2.9 million additional immigrants holding jobs, it is hard to say what share are in the country illegally. Both the Census Bureau, which collects the data, and the Bureau of Labor Statistics, which analyzes them, are clear that illegal immigrants are included in the CPS, but they don’t break it down by illegal and legal status.
Low-wage US-born workers also create significant costs, but they are already here, while immigrants represent new costs.
It also matters whom these recent immigrants are shutting out of the job market -- specifically, men without a college degree. One of the most serious social problems we face as a country is the decades-long decline in the labor force participation of US-born men.
Today, the labor force participation rate of US-born men without a bachelor’s (ages 18 to 64) stands at 75.6% -- still below the 76.3% rate it was in the fourth quarter of 2019.
And both those figures are far below the 80.6% rate in 2006 and 82.6% in 2000.
Back in the 1960s, nearly 90% of these men were in the labor force.
Job gains are going to immigrants, and keeping young US-born men out of the workforce, Steven Camarota (Opinion), New York Post, February 13, 2024
related thread: Americans without a college degree are not living as long (in Economics & Capitalism, 10 Oct 2023 )
The media is telling people that the economy is producing more jobs. But why aren't many people feeling that?
just a few highlights from the article:
Job gains are going to immigrants, and keeping young US-born men out of the workforce
Employment of U.S.-born is still below the 2019 level, while immigrant employment is well above
According to the latest numbers, employment of US-born workers is still below 2019 levels.
Of the 2.9 million additional immigrants holding jobs, it is hard to say what share are in the country illegally. Both the Census Bureau, which collects the data, and the Bureau of Labor Statistics, which analyzes them, are clear that illegal immigrants are included in the CPS, but they don’t break it down by illegal and legal status.
Low-wage US-born workers also create significant costs, but they are already here, while immigrants represent new costs.
It also matters whom these recent immigrants are shutting out of the job market -- specifically, men without a college degree. One of the most serious social problems we face as a country is the decades-long decline in the labor force participation of US-born men.
Today, the labor force participation rate of US-born men without a bachelor’s (ages 18 to 64) stands at 75.6% -- still below the 76.3% rate it was in the fourth quarter of 2019.
And both those figures are far below the 80.6% rate in 2006 and 82.6% in 2000.
Back in the 1960s, nearly 90% of these men were in the labor force.
Job gains are going to immigrants, and keeping young US-born men out of the workforce, Steven Camarota (Opinion), New York Post, February 13, 2024
related thread: Americans without a college degree are not living as long (in Economics & Capitalism, 10 Oct 2023 )