Called By Christ To Be ONE: Biden's Immigration 'Surge' To Push Wages Down For Years, CBO Says

Heaven Is Our Destination Where We Will Be ONE With The Lord Forever

Today, we are in The Season Of The Last Generation. The Birth Pains that Christ Jesus spoke about are currently under way, including natural and unnatural disasters. They will be ever increasing. Because of the increase of wickedness, the love of most will grow cold. Social, economic and political turmoil will be ever increasing, causing people's hearts to be weighed down with dissipation, drunkenness and the anxieties of life. An apostasy within the Church of God is currently under way. This will all reach a climax with Satan revealing his Antichrist and requiring that everyone worship him; That every one receive his "mark" in order to buy or sell; The new currency of the New World Order, the New Tower of Babel.

Today, it is critical that those who have a heart for God are aware of what God is doing and speaking today. God is opening up His Word like never before in preparation for The Time Of The END. I exhort you to open up your heart and your eyes to see what He is doing and your ears to hear what God is speaking at this time. My prayer is that we will be able to stand before the Son of Man at His appearing, without fault and with great joy. I encourage you to read David Wilkerson's book, America's Last Call at davidwilkersontoday.blogspot.com. Also, Google, Tommy Hicks Prophecy, 1961 for a view of the End Times.

Tom's books include: Called By Christ To Be ONE, The Time Of The END, The Season Of The Last Generation, Worship God In Spirit And In Truth, Daniel And The Time Of The END, and Overcoming The Evil One. They are available at amazon.com. They can also be read without cost by clicking on link: Toms Books.

To receive Christ Jesus as a child by faith is the highest human achievement.

Today, the Bride Of Christ is rising up in every nation in the world! Giving Glory to Her Savior and King, Christ Jesus!

Today, the world is Raging against God, Rushing toward Oblivion! Save yourself from this Corrupt Generation!

Today, America is being ground to powder because of it's SIN against God!

Friday, February 9, 2024

Biden's Immigration 'Surge' To Push Wages Down For Years, CBO Says

By Robert Schmad

Daily Caller News Foundation

'Lower than they would have been otherwise'

The Congressional Budget Office (CBO) projects that the ongoing surge in immigration, both legal and illegal, will put “downward pressure” on inflation-adjusted wages through 2034, according to a recently released report.

The downward effect on real wages will continue until 2027, at which point it will “partially reverse,” with immigration still expected to cause average real wages to be lower in 2034 than they otherwise would be, according to CBO. CBO did predict some positive impacts of immigration, as well, such as increased GDP growth and an expanded labor force.

The surge in new workers is expected to reduce the amount of available capital, resources like factories or machinery, per worker, as well as work in low paying areas of the economy, both of which will exert a downward pressure on wages, according to CBO. The impact of these variables will decline over time as CBO expects additional capital to be built and workers to gain more skills.

The combined effects of immigration “will cause average real wages to be slightly lower than they would have been otherwise” in 2034, according to CBO. The agency also expects immigrants to “stimulate construction of new homes during the second half of the 2020s.”

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Some economists have argued that the arrival of legal and illegal immigrants is causing housing prices to increase in the United States, The Wall Street Journal reported.

Will Biden's immigration surge depress wages?

Increased immigration will boost economic growth, raising the growth rate of the inflation-adjusted GDP by 0.2% between 2024 and 2034, according to CBO. CBO projects that real GDP per capita, however, will be 0.8% smaller in 2034 because of the surge in immigration.

Americans are widely dissatisfied with President Joe Biden’s approach to the ongoing migration crisis, with 68% disapproving of his handling of the border in a January CBS poll.

U.S. Customs and Border Protection reported the highest monthly total of migrant encounters ever in December 2023, rerecording 302,034 encounters at the southern border. More than 1.5 million migrants crossed the southern border during the 2023 fiscal year.

A CBO spokesperson directed the Daily Caller News Foundation to a statement made by CBO Director Phill Swagel.

Swagel’s statement did not address the impact of increased immigration on wages. The statement did point out the impact CBO found immigration will have on the deficit.

“In our projections, the deficit is also smaller than it was last year because economic output is greater, partly as a result of more people working,” Swagel wrote. “The labor force in 2033 is larger by 5.2 million people, mostly because of higher net immigration.”

This story originally was published by the Daily Caller News Foundation.

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