News:
United States
Immigration
As many as 700,000 migrants, a foreign population larger than Boston, Massachusetts, are currently in Mexico waiting to rush the United States-Mexico border when President Joe Biden ends the public health authority known as Title 42 on May 11. This will be the single largest foreign invasion the US has ever seen. (Breitbart News)
The Biden administration has reached a deal with the Mexican government that for the first time will allow U.S. authorities to deport non-Mexican migrants who entered the U.S. illegally back across the border. Yet the deal is only concentrated to Cubans, Haitians, Nicaraguans and Venezuelans, which is part of the existing deal made with Mexico back in January. It’s a lot of hat and very little cattle. (The Washington Post)
Economy
The Financial Times reported that since 2020 real wages for the bottom 10 per cent of the workforce have returned to their pre-pandemic level. In contrast, top earners and those on average incomes have taken a substantial hit once the effect of price growth is taken into account. Lowest wages earners were already growing but the post-COVID can be attributed to tightening labor markets which would be even tighter if our government reduced legal immigration.
US payroll gains defied expectations, increasing by 253,000 with the largest increase coming from health and education jobs, with a 77,000 bump, and by a 31,000 climb in leisure and hospitality jobs. Manufacturing payrolls also unexpectedly rose. Average hourly earnings saw a 0.5 percent increase against a median forecast for 0.3 percent. That was the biggest increase in wages since July, and brought the annual pace of gains to 4.4 percent. (Bloomberg News)
The Washington Free Beacon reported that nine Senate Democrats including Sherrod Brown, Tammy Duckworth, Gary Peters, and Jacky Rosen joined 47 Republicans to overturn BiU.K.s suspension on Chinese solar panels sold out of Southeast Asia. Biden has pledged to veto the measure.