Throughout a current interview with Miranda Devine, Trump Treasury Secretary Scott Bessent famous that blue collar wages are already rising beneath Trump. He factors out that the final time they had been this excessive was throughout Trump’s first time period.
It’s essential to keep in mind that that is solely the start, as trump has solely been again in workplace for barely six months. Issues are solely going to get higher as he continues to implement his agenda.
Democrats who had been speaking about excessive egg costs 5 minutes after Trump was sworn in have grown more and more quiet on financial points. This is likely one of the the explanation why.
The New York Put up studies:
Blue-collar wage development beneath Trump sees largest enhance in almost 60 years, Treasury sec reveals on Pod Pressure One
Blue-collar employees have seen actual wage development of virtually two % within the first 5 months of President Donald Trump’s second time period, the most important enhance for any administration in almost 60 years.
The 1.7% pay bump is in stark distinction to damaging development beneath Joe Biden, in line with new information from the US Division of the Treasury.
Since Richard Nixon in 1969, Trump has been the one president to report optimistic development for blue-collar employees in his first 5 months. He additionally achieved 1.3% in his first time period.
The restoration from a 1.7% decline recorded in Biden’s first 5 months, as inflation outpaced earnings, suggests a shift in financial situations for this financially confused section of the workforce.
“The one different time it’s been this excessive was… throughout President Trump’s first time period,” Treasury Secretary Scott Bessent informed me on the most recent episode of the “Pod Pressure One” podcast, out Wednesday.
See the video under:
The President’s emphasis on manufacturing and immigration has created a increase for blue-collar People.
Now we have seen actual wages for hourly, non-supervisory employees rise virtually 2% within the first 5 months.
Once more, no president has executed that earlier than. pic.twitter.com/j9YnOWXwnn
— Treasury Secretary Scott Bessent (@SecScottBessent) June 18, 2025
Simply think about what issues will seem like a 12 months from now.
