President Joe Biden’s high-migration economic policy will cut Americans’ wage gains to just one percent per year in the early 2030s, according to the number-crunchers at Congress’s non-partisan Congressional Budget Office (CBO).
“Increases in the supply of workers put downward pressure on wages, particularly for people with 12 or fewer years of education,” says a June 18 CBO report, titled “An Update to the Budget and Economic Outlook: 2024 to 2034.”
Wage gains will drop to three percent, but those gains are then reduced by predicted inflation of two percent per year after 2025, the report says. The result is a very small one percent post-inflation annual wage gain for Americans amid the ocean of new migrants delivered by Biden.
Biden’s economic policy adds 8.7 million legal and illegal migrants from 2021 to 2026, the report says.
Wages climbed faster in…
