in

Wages Soar in the Metals Industry

Breitbart has a nice article on the benefits the metals industry is reaping from the Trump administration, including the improvement in wages for workers. Some of the improvements are in sectors liberals claimed would face struggles from the tariffs:

When President Trump on the first day of March said that the U.S. would impose a 25 percent tariff on imported steel and a ten percent tariff on imported aluminum, many economists predicted that this spelled trouble for the industries that rely on steel and aluminum for their products.

Yet there are few signs that the tariffs are having a negative effect on America’s metal using industries. In fact, American businesses that make the most use of metals are adding jobs at a rate that is four times as fast as the broader economy, according to data from the Department of Labor.

The fabricated metals sector–where workers transform metal into intermediate or end products other than machinery, computers and electronics, and metal furniture–added jobs in March, April, May and June. Over that period, employment in fabricated metals grew by one percent, compared with just a quarter of a percentage point growth in the broader economy. In June alone, fabricated metals added 7,000 jobs.

It is possible that the businesses hiring these workers are feeling their profits squeezed by tariffs. But the workers in these industries are seeing job opportunities grow rapidly.

Wages for the workers are rising as well. The hourly wage for non-supervisory workers in machinery manufacturing and fabricated metals rose by around 0.8 percent between March and June, an annualized rate of 2.4 percent. Wages in transportation rose 0.7 percent, for an annualized gain of 2.1 percent.

Doomberg

Written by Doomberg

I am Doomberg, one of the original founding members of Sparta Report, and have been here since the beginning. I am an insatiable news junkie and enjoy reading and writing about the US territories, the Caribbean, video games, smartphones, and of course conservative politics in general.

I also really like pictures of gas stations and claim full responsibility for the silly gas station motif. I'm presently trapped behind enemy lines in a blue state with no hope of escape! The ride never ends.

What do you think?

0 points
Upvote Downvote

CNN Upset Because Americans Don’t Care About the Russia Investigation

Durbin Suggests Stopping SCOTUS Nominee More Important Than Midterm Elections