(Zero Hedge)—At the start of the year, many months after we first pointed out that the biggest untold story of the US labor market was the “great replacement” of native born workers with foreign-born workers (most of whom we subsequently learned were illegal aliens), we asked how is the great replacement of US workers “not the biggest political talking point right now” considering that “since October 2019, native-born US workers have lost 1.4 million jobs; over the same period foreign-born workers have gained 3 million jobs.”
How is this not the biggest political talking point right now: since October 2019, native-born US workers have lost 1.4 million jobs; over the same period foreign-born workers have gained 3 million jobs. pic.twitter.com/Z5HVWmQ24C
— zerohedge (@zerohedge) January 15, 2024
Nine months later, we are delighted to see that our relentless efforts to bring attention to this critical topic finally worked, and the relentless replacement of native-born workers with immigrants and illegal aliens was finally the biggest political and media talking point, as demonstrated by such articles as “How Immigration Remade the U.S. Labor Force” by the WSJ and “Without Immigrants, US Working-Age Population Would Shrink” from Bloomberg, both of which are an extension of the latest and greatest narrative, first spawned by Fed chair Powell, and then picked up by Goldman, which came down to the following: you can have (record) illegal immigration, or you can have even more (breakneck) inflation. So don’t be bad and just accept the roving gangs of Venezuelan murderers in your neighborhood if you know what’s good for you.
There it is: You can have illegal immigration or you can have even more inflation https://t.co/4npStzH8ft pic.twitter.com/xYofvgPjXV
— zerohedge (@zerohedge) May 5, 2024
Which brings us to today’s jobs report… where the native vs foreign-born debate just exploded.
As we discussed earlier, superficially the August payrolls report was a mixed bag. On one hand, it was disappointing in that the payrolls print came in softer than expected, but was a big bounce from sharply downward revised June and July prints. On the other hand, the unemployment rate did drop from the Sahm Rule’s recession trigger level of 4.3% to 4.2%, and effectively eliminated the clear cut case for a 50bps rate cut, especially since the Household survey was not only far stronger than the Establishment survey, but indicated the biggest increase in employment since March.
That, at least, was the quantitative view. And while that was mixed, there was no confusion in the picture painted by the qualtitative aspect of the jobs report. Here, everything was a disaster.
Starting at the top, while the number of employed workers did rise by 168K, looking closer at the composition of this increase is disastrous: that’s because it consisted of an increase of 527K part-time jobs, offset by a 438K plunge in full-time jobs.
This means that since last June, the US has added just over 2 million part-time jobs, and lost over 1.5 million full-time jobs.
Needless to say, part-time jobs pay far less, don’t offer benefits, and generally lead to a suboptimal outcomes for the labor market, one of which is the need to get more than one job, and sure enough, the number of multiple jobholders – or people who for whatever reason have more than one job – jumped above 8.5 million, back to all time highs.
And while the quality of job gains in the past year has clearly been catastrophic – a necessary condition to give the impression that headline, or quantiative, job growth was strong – there was a very clear reason for that, and it goes back to what we have been pounding the table on in the past: the reason is the continued replacement of native-born workers with immigrants (some legal but mostly illegal). And as the following chart shows, it is anything but a theory: it is cold hard fact.
Presenting exhibit A: the number of native-born vs foreign-born workers in August.
In an absolute shocker of a data point, in the past month, the US added 635K foreign-born workers, while losing 1.325 million native-born workers. This was tied for the biggest one-month drop in native-born workers since the covid crash!
But it’s not just the past month, or two, or three… As regular readers know, the reason why suddenly we are bombarded with media pitches for why illegal immigrants are actually great for you, is that the US has not created a single job for native-born workers since July 2018! And in that interval, it has created 4.7 million jobs for immigrants, both legal and illegal.
Finally for those wondering when the Great Job Replacement Fact (again, not theory) kicked in, the following chart showing the historical divergence between native and non-native born workers will make it clear: the gap first emerged at the start of the Biden administration and has exploded to a record size today!
Finally, for those who would push back that these are mostly legal immigrants, here is what Standard Chartered strategist Steven Englander wrote at the start of June to refute that claims and prove that most of these immigrant workers are virtually all illegal: echoing what we have said for the past two years, Englander wrote that immigration, particularly illegal immigration, “is a political flashpoint that has also become an important factor in assessing economic performance. Detailed data from US Customs and Border Protection (CBP) and US Citizenship and Immigration Services (USCIS) suggest that half of non-farm payroll (NFP) growth to date for FY24 (started 1 October 2023) has been from undocumented immigrants who have received an Employment Authorization Document (EAD)” (he defines undocumented immigrants as those who entered the US through non-traditional immigration pathways, such as asylum seekers, parolees, and refugees, i.e. illegals).
“The ability to track EAD issuance to undocumented workers is an advantage in estimating how much they have contributed to employment growth. NFP counts workers with an EAD just like any other. Using that data, it is easy to estimate that undocumented workers have added 109k jobs per month to NFP out of the average 231k increase so far in FY24.”
Which is a big problem because as the BLS now admitted with its revision two weeks ago, the monthly increase in jobs in the past years was not 230K as it had indicated previously, but rather 150K!
So if the true pace of job creation in the past year was 150K, and another 109K jobs per month are illegal aliens, that leaves just about 40K jobs for everyone else, i.e., law abiding Americans.
It also means that, great worker replacement scandal aside, the labor market in the US has – for the past year – been an absolute catastrophe and harbinger of economic disaster.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
That ANY percentage of American voter would still choose to vote for demoncrats after the above damning report is beyond comprehension.
Sadly, over 40+ percent of voters are still expected to vote against their OWN interests. History will show this to be a time of National suicide.
So there was massive election fraud in 2020, and suddenly magical elections in 2024????
Grow up, Harry Potter!
“the US has not created a single job for native-born workers since July 2018”
ACCURATE TO THE MAX!
Missing several IMPORTANT FACTS:
(1) Biden regime is paying over 500 corporations to lay off American workers and replace them with ILLEGALS with their changes in tax laws and presidential directives, etc.
(2) The CISA Act of 2018, which insured a 2020 selection of Biden.
It ain’t rocket science, just never reported in the PuppetMedia or Controlled Opposition sites!
Saw a photo of Manchurian Joe and Komrade Kamala at some “UNION STRONG” gathering?! After Biden oozed in, he removed ALL caps on jobs offshoring and insourcing foreign visa workers, then opened the borders to millions of ILLEGAL INVADERS —- and that’s all she wrote —- lazy, useless union anti–Americans!
It’s a socioeconomic race war against whites to disempower them geologically in their states and neighborhoods. Money talks, b.s. walks! It’s gonna get ugly when the majority tribes rage against the minority tribes shadow government. The Balkans states come to mind and what is happening inow inthe so to be former UK.
Maggot City:
https://media.breitbart.com/media/2024/09/GettyImages-2169946802-1-e1725626798775-640×480.jpg
WHERE HAVE YOU BEEN FOR THE LAST 20 YEARS? This has been going on since Y2K and what has anyone said about it? NOTHING. American workers have lost trillions of dollars in income because of outsourcing and what has anyone since even the invention of the internet done about it? NOTHING.
In the engineering world, US citizens are now a minority, with lots of them unemployed. At my last employer, over half are foreigners, mostly Indian. I only got 1 interview in 2 years, so I gave up the profession.