Carney: U.S. Does Not Have a Labor Shortage; It Has a Wage Shortage

But if his advisers are telling him that this means America needs higher levels of immigration, they are misleading the president. America does not need to import workers. We have plenty of potential workers who were sidelined by the Great Recession and globalization. In the first two years of the Trump presidency, America created two million jobs. The unemployment level fell to an astonishing 3.7 percent in September, the lowest level in decades, and it has averaged 4 percent over the past year. -- More...

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