MANUFACTURING CEO: WAGES WILL CONTINUE RISING FOR NEXT COUPLE OF YEARS

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       Farr stated that Trump’s direction of economic nationalism primarily through increased interior immigration enforcement and new tariffs to protect U.S. industries is likely to keep American workers’ wages growing for at least two years.

           David Farr said, "What we’re seeing right now, across all wages, so just general wages are having to go up to make sure we can get people in the factory, but the higher skill level workers. And that’s the big issue right now: the people that have a technical capability to work in the factories. One of the things we’re doing right now is we’re having to automate the factories more, so we need more technical, skill base."

      Farr continued, "I think, as we keep telling the people in Washington, they have to focus on the right balance of immigration, the type of immigration we need. If we actually reduce the numbers, that will be a big issue for the U.S. I think we need a workforce that’s growing, and, therefore, we’re going to have to have the right type of immigration. We’re going to need certain skill-sets in immigration. And we’re going to need that immigration level to continue to climb, and then, we’re going to have to train them. And I think this is a big balance."