Bessent Calls Out the Big Lie on Immigration and American Wages
Treasury Secretary Scott Bessent says mass immigration drove down working class wages, and Trump's enforcement is reversing the damage with bottom quartile earners seeing nearly triple the wage gains of top earners.
Treasury Secretary Scott Bessent delivered a clear message this week. Mass immigration drove down American wages at the bottom, and President Trump's enforcement policies are reversing the damage.
Speaking at a Breitbart News policy event Tuesday, Bessent called out what he termed the "big lie" that unfettered immigration had no effect on working class paychecks. The data now tells a different story. Wages for the bottom 25 percent of earners have climbed nearly three times faster than those at the top under Trump, with median wage growth hovering around 3.5 percent.
Enforcement Tightens the Labor Market
The shift follows the administration's crackdown on illegal immigration and stepped up deportation operations. As the labor pool contracts, employers are competing harder for American workers. That competition shows up in fatter paychecks and fewer mass layoffs, Bessent argued.
The Treasury chief pointed to real wage gains resuming as deportations continue and private sector hiring strengthens. He credited Trump's policies with returning jobs to Americans who had been priced out by cheap foreign labor flooding the market under previous administrations.
Working Families See the Difference
Bessent used his Labor Day message to highlight the administration's broader worker agenda. Beyond immigration enforcement, he touted efforts to reduce tax burdens on working families and create more domestic jobs. The policies are designed to put money back in the pockets of Americans who bore the brunt of loose border policies for decades.
The Treasury Secretary's remarks come as the White House pushes back against critics who claim the immigration crackdown is harming economic growth. Administration officials have countered that tighter labor markets force businesses to invest in American workers through better pay and training rather than relying on an endless supply of low wage foreign labor.
Economic Indicators Back the Strategy
Recent employment data supports Bessent's claims. While some economists worried that aggressive enforcement would trigger labor shortages and inflation, the opposite appears to be happening. Job openings remain abundant, but employers are filling them with domestic workers at higher wages rather than searching abroad for cheaper alternatives.
The bottom quartile wage surge marks a reversal from pre-Trump trends, when elite and professional class incomes pulled away from working Americans. Bessent framed the shift as correcting a fundamental injustice perpetuated by open borders advocates who benefited from cheap labor while working families paid the price through stagnant wages and job displacement.