Behind Bidenomics’ economic promises, job opportunities for American workers are eclipsed by those for migrant laborers.
At a Glance
- Bidenomics created 4.7 million jobs for migrants, mainly undocumented individuals.
- Only 645,000 jobs were created for American citizens, highlighting priorities.
- The strategy contributed to job discrepancies and rising economic concerns.
- Wages became stagnant, while housing costs escalated under Bidenomics.
The Employment Tactic in Bidenomics
Under the Biden administration, a significant aspect of Bidenomics favored migrant workers over American citizens in job creation. Recently gathered data indicates that 4.7 million jobs were filled by migrants—many of whom are undocumented—compared to only 645,000 positions for U.S. citizens. This approach has led to heated debates and concerns about its societal and economic implications.
Among the myriad issues related to this economic plan, wages stagnated for many American workers. Amid climbing housing prices, investment in workplaces dwindled, leaving U.S. workers uncertain about their future employment prospects. Consequently, these changes sparked issues like homelessness and drug dependency, further burdening communities.
Economic Impact and Rising Debt
The consequences of Bidenomics extend beyond employment biases. For instance, Biden’s policies contributed to the U.S. national debt skyrocketing by $8 trillion. As the economy expanded rapidly, benefiting investors, this boom was accompanied by suppressed wages and unaffordable housing for everyday Americans.
During this surge, immigration helped manage wage-driven inflation and resulted in significant benefits for Wall Street investors. However, it resulted in fewer pressures on employers to improve productivity through investing in domestic workplaces.
Political Dynamics of Migration and Economy
President Donald Trump is addressing these policies by attempting to block illegal and quasi-legal immigration and deport illegal migrants. However, the complexities of migration politics involve lobbying by business groups, intent on continuing the inflow of migrant labor claiming its necessity for economic sustainability.
“They’re taking your jobs” – Donald Trump
As pressures mount, President Trump faces an uphill battle not just from political forces but from business interests that see advantages in maintaining a ready supply of migrant workers. The future of the American labor landscape hinges on resolving these conflicts in favor of prioritizing American workers, according to economic strategists.
