In a report released this month, CBO analysts said the number of jobless Americans — all of whom want full-time jobs — will not return to pre-coronavirus levels until around 2024.
The CBO analysis projects that while the unemployment rate, which hides the number of total Americans out of the workforce, will return to an average of about four percent between 2024 and 2025. Biden, himself, admitted on camera that the U.S. would not be at “full employment” until 2031.
“That’s not hyperbole. That’s a fact,” Biden said.
At the U.S.-Mexico border, Biden has restarted the Catch and Release program, which frees border crossers and illegal aliens into the interior of the country while they await their asylum hearings. Previously, a series of cooperative agreements with Central America and the Remain in Mexico policy had effectively ended Catch and Release, drastically cutting asylum fraud.
Many of those border crossers and illegal aliens will hunt for mostly blue-collar American jobs that otherwise would go to Americans.
Similarly, Biden has suggested he will surge refugee resettlement to the U.S. by 2022, seek an amnesty for nearly all illegal aliens, and block reforms to various visa programs while seeking an increase in legal immigration levels.
The initiatives are being cheered by Wall Street, Big Tech, and corporate interests who can boost profit margins by cutting the cost of U.S. labor via a flooded labor market.
Today, there are more than 17 million jobless Americans and another six million who are underemployed. All want full-time jobs with competitive wages and good benefits.
Every year, about 1.2 million legal immigrants are awarded green cards to permanently resettle in the U.S. and eventually apply for citizenship. In addition, another 1.4 million visas are given out annually to foreign nationals to take U.S. jobs, while 11 to 22 million illegal aliens currently live in the country.
