TRUMP ECONOMY: COMPANIES SEE BEST EARNINGS IN 13 YEARS, HIRE AMERICANS INSTEAD OF FOREIGN VISA WORKERS

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In Trump Era, U.S. Corporations See Best Earnings in 13 Years

Breitbart by Warner Todd Huston

As President Trump’s administration enters the last half of its first year, U.S. corporations are experiencing their best earnings in 13 years, a report finds.

Bloomberg reports that U.S. corporate profits in the second quarter “have beaten estimates at more than three-quarters of the Standard & Poor’s 500 member companies. In every sector, at least half of the companies have surpassed or met expectations, with many also getting a boost from a sinking U.S. dollar.”

“Growth was particularly strong in key regions of North America and Europe, where we grew sales greater than twice GDP, as well as throughout Asia-Pacific,” Dow Chief Executive Officer Andrew Liveris said.

Read more: Winning: U.S. Corporations See Best Earnings in 13 Years

 

Winning: Companies Hire Americans Instead of Foreign Visa Workers

President Donald Trump’s populist “Hire American” policy is forcing employers to hire more Americans at higher wages, the Wall Street Journal admits.

The pressure is highlighted by seasonal employers in Massachusetts who were forced to hire Americans when Trump’s populist coalition stymied their lobbying efforts to expand the use of H-2B foreign contract workers. According to the Journal, which has long urged the large-scale use of foreign workers:

“I have more Americans working than I’ve ever had,” says Josh Aronie, executive chef at the Home Port Restaurant in the Vineyard fishing village of Menemsha. He also reports his restaurant has been short of staff and many of the workers he does have don’t know the basics of cooking or even how to read the orders…

Nationwide data on the leisure and hospitality sector also shows a tightening labor market. In June, average hourly earnings in the sector increased 4% from a year earlier, according to government data analyzed by Moody’s Analytics …

At the Home Port Restaurant in Menemsha, Mr. Aronie recalls meeting with his small staff in a panic this June just a few days before the scheduled opening. He had applied for 18 H-2B visa workers and received none. Because of the staffing crunch, the restaurant initially was open just five nights a week, and didn’t open for lunch until late July. Mr. Aronie jokes about the qualification he requires for hiring: “Are you breathing? Excellent.” He has paid a premium to hire three people via a Boston-based temp agency.

 

Read more: …More Winning: Companies Hire Americans Instead of Foreign Visa Workers

One thought on “TRUMP ECONOMY: COMPANIES SEE BEST EARNINGS IN 13 YEARS, HIRE AMERICANS INSTEAD OF FOREIGN VISA WORKERS

    hocuspocus13 said:
    August 12, 2017 at 1:39 pm

    Reblogged this on hocuspocus13 and commented:
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