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by louprado 3061 days ago
In two recent conversations I was told that the coyete[1] rates are $10,000 from El Salvador and $8,000 from Mexico. The Mexican fellow told me he wouldn't return to the US not only because the rates were high too but the smugglers now seem more menacing. The fellow used to perform home construction in the Bay Area. Incidentally, a recent report in the area cited labor shortages as the #2 road block in the SF builder industry.

The US administration seems to believe that our economic growth was cash constrained, hence the massive corporate tax cut. But for many industries growth is labor constrained.

[1] Colloquial phrase for Central American human traffickers.

1 comments

> The US administration seems to believe that our economic growth was cash constrained

I'm not going to point fingers at anyone, but corporate cash levels were already hitting records before the tax cuts passed and money was already available at record-low interest rates. Anyone who thought our companies were cash-constrained was intentionally not paying attention.