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by CrulesAll 207 days ago
"so as not to run out of labor" Beloved by the extreme right economically and now Trump. Low ball the labor market. Destroy the middle class and especially the working class. But at least CEOs will get their performance bonuses, and shareholders will see shares rise due to lower costs.
1 comments
IAmBroom 207 days ago
It's literally the current case. Our citizenry is incapable of meeting our labor needs. ("Why" is another discussion entirely.)

If you were to remove all the illegal immigrants right now from the US, our economy would be kneecapped. Granted, the harvest season is over in most of the US, but housing would be among the first markets to collapse functionally. If you are uncertain how important that market is, study the Great Recession of 2008.

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CrulesAll 207 days ago
As opposed to figuratively.

"If you were to remove all the illegal immigrants right now from the US" The wage levels and benefits would have to rise to meet the demand for labor. The US would also have to sort out its education and trades system too. But if you think this is a skills shortage, I've got a bridge to sell you. And by the way, you are economically libertarian and on the same side as Trump. Bringing in an Indian to do the same job as an American citizen for half the wage is not a skill shortage, it's crony capitalism.

"housing would be among the first markets to collapse functionally" Poe's Law. You'd have a massive supply in housing, and therefore a collapse in the prices to owning a house. It has nothing to do with '08.

"f you are uncertain how important that market is, study the Great Recession of 2008." The great recession(It was a depression. I'd suggest studying definitions) was caused by three things: President Clinton scrapping Glass-Steagall Act, the dam set up after the Great Depression of '29 to stop it happening again. President Clinton signed the Commodity Futures Modernization Act. Credit default swaps were the nukes of '08. Clinton exempted CDSs from regulation!! President Clinton rewrote the Community Reinvestment Act forcing banks and lending institutions to give NINJA loans under the charge of racism(see commentator above) if they did not. He also signed NAFTA allowing cheap labor and material into the US, and allowing companies to move South. (see Ross Perot great sucking sound) He also brought China into the WTO devastating not just America, but the entire West.

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