Joe Lavorgna, senior adviser to Treasury Secretary Scott Bessent, told Sirius XM\u2019s Breitbart News Saturday that the blue-collar wage boom happening under President Donald Trump will only get better moving forward.<\/p>\n
Lavorgna joined Breitbart News Washington Bureau Chief Matthew Boyle for a 13-minute segment on the program, where they kicked off the discussion with the rising wages among blue-collar workers \u2014 a 1.4 percent increase in 2025.<\/p>\n
\u201cThe real blue collar boom, which we\u2019re seeing \u2014 we\u2019ve got a 1.4 percent annualized year-to-date increase, which is the second fastest start of a new administration dating back 60 years. The only time it was faster, and it was just a smidgen faster, was President Trump\u2019s first term, when it grew 1.5 percent,\u201d Lavorgna told Boyle.<\/p>\n
He said the effects of the recently signed One Big Beautiful Bill will be a \u201cboon\u201d for blue-collar workers on top of the administration\u2019s hot start to increasing wages.<\/p>\n
\u201cHowever, the good news is with the passage of the One Big Beautiful Bill, which brings back 100-percent expensing for capital expenditure and adds the new caveat, the novel approach of full expensing for factories and plants \u2014 that is going to be a boon for blue-collar workers,\u201d he said. \u201cThose are carpenters, electricians, plumbers, laborers.\u201d<\/p>\n
\u201cIt also includes things like nursing assistants, people that work in retail and wholesale trade, basically the backbone of the economy. Those workers are going to benefit from the increased capital that companies are incentivized now to make those commitments, in addition to the building of factories,\u201d he added. \u201cThe workers who are going to build those factories are going to get paid, and workers are going to get paid more when they\u2019re working in those factories. So it\u2019s President Trump\u2019s commitment to building that is going to really lead to what he calls the Golden Age, and this blue collar boom thing is going to extend and get even better going forward.\u201d<\/p>\n
Boyle emphasized that the One Big Beautiful Bill was signed much earlier in Trump\u2019s second term than the Trump Tax Cuts were in his first term, and suggested that increases in blue-collar wages could ultimately eclipse the record set in Trump\u2019s first term because the One Big Beautiful Bill was signed at an earlier point in the term.<\/p>\n","protected":false},"excerpt":{"rendered":"
Joe Lavorgna, senior adviser to Treasury Secretary Scott Bessent, told Sirius XM\u2019s Breitbart News Saturday that the blue-collar wage boom happening under President Donald Trump will only… <\/p>\n","protected":false},"author":1,"featured_media":37964,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"footnotes":""},"class_list":["post-37963","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\n