A record number of small business owners have raised wages for their American workers as President Trump’s administration has ushered in a new era of a tighter labor market with strict immigration enforcement.
The National Federation of Independent Business (NFIB) monthly jobs report found that a record number of small businesses say they have increased the wages of their workers to keep and attract more qualified workers.
The report found:
The number of small businesses that have raised wages has increased a net 31 percent, a 4 percent increase since last month, and the highest level since December 2000
The number of small businesses that plan to raise wages has increased a net 24 percent, a 1 percent increase since last month, and the highest level since December 1989
The news of historic wage increases for small business workers comes in an era under the Trump administration where economic nationalism has been spearheaded by strict immigration enforcement, specifically in the interior of the country.
Trump’s Enhancing Public Safety in the Interior of the United States Executive Order increased the number of illegal aliens—many of which are illegal workers—who were deported out of the interior of the U.S. in Fiscal Year 2017 by nearly 40 percent. full story