December 23, 2024
Politics

Did Black Wages in the US See Significant Growth Under Donald Trump?

Did Black Wages in the US See Significant Growth Under Donald Trump?

They indeed rose, but this rise was pushed more in a good way under the influence of Joe Biden, the gap between black and white men increased during Trump’s hold.

In recent days, U.S. democrats have fretted about polls that were showing little support for Kamala Harris among black voters. This was the development that democrats fear that it will boost Kamala’s chance of winning.

On October 14, Harris released an opportunity agenda for black men that gave hope that her campaign would get support from this in the election.

Byron Donald is a U.S. congressional representative an ally of former president Donald Trump, he said,’’ There is a reason why the members of this democratic group should vote for trump.

There is a big stat that happened during Trump’s administration that people usually do not like to talk about, wages that were adjusted for inflation were under Trump’s order for black men and black families. On the program of CNN on October 13, the wage gap was shrinking under Trump’s administration, which the democrats love to lecture about.

wages for black men and women of America were increased during the time of Trump, which they accepted but ignored, but during the administration of Joe Biden, it rose three times more than Trump even after adjusting for a period of 40-year high inflation on Biden’s watch. Instead of compressing under Trump, the wage gap for blacks and whites was widened.

I cannot find any evidence that supports Donald’s’ claim, said Douglas Holtz Eakin, president of the center-right think tank American Action Forum. “No economist is backing this up.”

Inflation-adjusted wages for Black men did rise under Trump, but they increased even faster under Biden.

We looked at inflation-adjusted wages using the standard metric, median weekly earnings for full-time wage and salary workers, age 16 and older. To verify Donald’s claim, we analyzed this data for Black Americans overall, Black men, white Americans overall, and white men.

This data goes back to 2000, allowing us to compare the full terms of Presidents George W. Bush, Barack Obama, Donald Trump, and Joe Biden. To reduce month-to-month fluctuations, we averaged the quarterly figures for each president’s term. We excluded the peak pandemic period (four quarters of 2020 and the first quarter of 2021) when federal stimulus payments caused earnings spikes, making those months outliers.

So, what did the numbers show?

For Black Americans overall, inflation-adjusted weekly earnings did rise under Trump, from an average of about $275 under Obama to $281 under Trump, a roughly 2% increase. However, under Biden, wages went even higher, rising from $281 under Trump to $298, an increase of about 6%. This means wages grew about three times faster under Biden than under Trump.

The same pattern holds for Black men. Their inflation-adjusted weekly earnings rose from about $290 under Obama to $295 under Trump, an increase of roughly 1.8%. Under Biden, they increased from $295 to $312, a rise of 5.7%.

However, the wage gap between Black and white Americans widened under Trump. For Black Americans overall, the gap in inflation-adjusted wages compared to white Americans increased from $74.50 under Obama to $84.90 under Trump. Under Biden, the gap narrowed back to $74.40.

For Black men, the wage gap also widened under Trump, from $96 under Obama to $105.30. Under Biden, it shrank to $92.80, smaller than under Obama.

Why have Black wages risen faster under Biden?

Some experts attribute this to a broader trend of lower-income Americans across races experiencing faster economic gains. With low unemployment, workers had more leverage to demand raises. Pandemic stimulus efforts, like Biden’s American Rescue Plan, also helped by boosting worker options and bargaining power, leading to higher real wages for lower-income earners, including Black men.

Holtz-Eakin agreed that the tight labor market under Biden likely drove wage gains for lower-income workers. He acknowledged that similar trends occurred under Trump in 2019, when unemployment was low, but the pandemic disrupted those gains, while Biden’s longer post-pandemic period magnified the wage increases.

Our verdict: Donald’s’ claim that “inflation-adjusted wages were massively up under Donald Trump for Black men” is partly true. Wages did rise under Trump, but they rose significantly faster under Biden. Moreover, the wage gap between Black and white Americans widened under Trump and only narrowed under Biden.

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