Do immigrants solve labor shortages? This is a standard argument of the left, one they use to import millions of unskilled migrants into the US and Europe. Immigration a Top Issue With immigration becoming a top voter concern in both America and Europe -- to the point it's driving millions of voters to populist candidates -0- the left-wing media is laying out the gaslight, trying to convince people that we need millions of unvetted quasi-educated foreigners to avert a demographic crisis.
DC is dominated by business, and business wants a big pool of cheap labor that has no rights. This is why the Republican Congress wouldn't give Trump money for the Mexico wall that got him elected.
In the USA business is more politically powerful than is the populace.
They could get citizens for those jobs if they paid more. Business doesn't want to do that.
Oh, I see, Peter. The 25 million immigrants who came here between 1870 and 1912 versus the starting US population of 39 million couldn't find enough dentists, candlemakers and buggy repairmen, bringing the whole nascent US industrial economy crashing down.
Not! Real GDP growth averaged nearly 4.0% for four decades, the highest sustained growth in US history. The truth is, free market capitalism can handle virtually unlimited numbers of willing workers at market-based wage rates. Your argument, I'm afraid, is just statist nonsense.
Hi Peter, I am a dedicated reader and I also watch your daily video, until I got X'ed by the X-stasy of course. Perhaps dropping your wisdom on people that-follow-their-preferred-people on other platforms like Telegram, would be a good thing. Hint hint.
I like your taste on shirts.......hair style is another matter. Honi soit qui mal y pense, I'd say.
Peter, thank you for putting the truth out. The ill effects of massive, illegal, immigration should be obvious, but too many Americans live life with their heads in the sand. They drive wages lower along with quality of work. It is hardly reassuring to have people, many of whom have never lived in a wooden house, building them here. They bring in disease, crime and lack education and culture. Those who work contribute very little to our economy, spending their money on re-paying their coyotes and/or sending money back to their home countries. Obviously, those that don't work (or work "under the table" or deal in drugs and stolen property), don't contribute at all. They only consume American taxpayer dollars. They are detrimental to our healthcare, as they need more, which they don't pay for. Worst of all, they have no love of our country and little respect for our laws.
Brilliant and well stated! The graphics make clear what most fail to see as they try to "Out-good" one another. The engineering visas form India & China are also driving down wages while these immigrants live in apartments & houses that hold as many as 5 families putting a burden beyond taxed value on the infrastructure.
"And if, instead, you import 10 million unskilled workers, you'll have very, very cheap unskilled workers. You'll have to wait 3 months to see a dentist and car mechanics will charge double, but by gum you'll have cheap fruit pickers."
I'm skeptical of this. I've never considered "too many consumers" to be a problem and I would guess most businesses don't either. You seem to assume the supply of goods and services in the market is fixed and not dynamic -- and that businesses are currently "at capacity" such that an increase in business will create negative consequences for others. But where is the real-world proof that adding a few million foreigners will crowd me out of my dentist appointment? Also, how do you know immigrants are consuming these exact same services as everyone else? If it is true, where are we seeing this today in the market?
I'm currently in NYC, where it's possible to encounter long lines at the most popular tourist destinations and restaurants. Thankfully there are seemingly infinite alternatives available as well. But does this influx of foreign tourists mean this is "bad" for me? That the economy doesn't "need' these people?
I teach English As A Second Language to Community College Students at night. Most of the students tell me they are "illegals". Many have good skills-- house painters, tile layers, plumbers, and electricians. They have too many work requests. Thinking they were popular because they they were cheap and working for cash. Wrong. They were busy because they did very good work, showed up when they said they would, and finished the job on schedule. I asked did they want to live in the US? Definitely not. They were here only because there was so much work, and the pay was 2-3 times greater than Mexico. I asked if they had plans. They said they wanted to earn enough money to take back to Mexico and buy a little grocery store in their native town, get married and have a nice family. They worked 12 hrs. a day 7 days a week. I asked if they were afraid of getting deported. They said not at all. If you know what you're doing, there are many places to slip in and out of Mexico to the US.
Which they did regularly. They seemed smarter, harder working, and better-adjusted to reality than the bible-thumping racists who think they're God's special chosen, and deserve everything without any effort, because they're whites, and they emigrated here 4-5 generations ago.
We are in contact with a Julie St. Onge Sgt USMC and the
scheduler for the USMC Commandant. Are you related. Our goal at www,orsja.org is to return to a Constitutional republican form of government this year 2024.
I think the issue is that this quite a stylized model that does not address the general equilibrium. If we were to take the assumption that immigrants are perfect substitutes for local workers (which they aren't -https://www.nber.org/papers/w12956 , https://www.nber.org/papers/w13389), lower production costs, will increase the real purchasing power of everyone.
Additionally, if immigrants did hurt the wages of locals of similar skill level, then we should also across state significant migration flows within those skills groups (if a lot of immigrants come to Florida, unskilled natives should leave Florida for other states).
Moreover, the argument laid out here also easily applies to trade - any imports from abroad hurt local workers. But we know that gradual trade has major positive effects.
DC is dominated by business, and business wants a big pool of cheap labor that has no rights. This is why the Republican Congress wouldn't give Trump money for the Mexico wall that got him elected.
In the USA business is more politically powerful than is the populace.
They could get citizens for those jobs if they paid more. Business doesn't want to do that.
Spot on the money from Peter.
They tell us to open our hearts, but really they're trying to lower their COGS.
Intelligent legal immigration and a wave of human flesh invading are not equal.
Oh, I see, Peter. The 25 million immigrants who came here between 1870 and 1912 versus the starting US population of 39 million couldn't find enough dentists, candlemakers and buggy repairmen, bringing the whole nascent US industrial economy crashing down.
Not! Real GDP growth averaged nearly 4.0% for four decades, the highest sustained growth in US history. The truth is, free market capitalism can handle virtually unlimited numbers of willing workers at market-based wage rates. Your argument, I'm afraid, is just statist nonsense.
Hi Peter, I am a dedicated reader and I also watch your daily video, until I got X'ed by the X-stasy of course. Perhaps dropping your wisdom on people that-follow-their-preferred-people on other platforms like Telegram, would be a good thing. Hint hint.
I like your taste on shirts.......hair style is another matter. Honi soit qui mal y pense, I'd say.
It’s a pool of military recruits. It seems endless wars are needed to live on Earth.
Crock of racist, speculative bullshit with no basis in reality.
No we don’t need migrants. BiteMe wants for votes even though they should not be allowed to vote. Another stolen election coming up.
Peter, thank you for putting the truth out. The ill effects of massive, illegal, immigration should be obvious, but too many Americans live life with their heads in the sand. They drive wages lower along with quality of work. It is hardly reassuring to have people, many of whom have never lived in a wooden house, building them here. They bring in disease, crime and lack education and culture. Those who work contribute very little to our economy, spending their money on re-paying their coyotes and/or sending money back to their home countries. Obviously, those that don't work (or work "under the table" or deal in drugs and stolen property), don't contribute at all. They only consume American taxpayer dollars. They are detrimental to our healthcare, as they need more, which they don't pay for. Worst of all, they have no love of our country and little respect for our laws.
Brilliant and well stated! The graphics make clear what most fail to see as they try to "Out-good" one another. The engineering visas form India & China are also driving down wages while these immigrants live in apartments & houses that hold as many as 5 families putting a burden beyond taxed value on the infrastructure.
"And if, instead, you import 10 million unskilled workers, you'll have very, very cheap unskilled workers. You'll have to wait 3 months to see a dentist and car mechanics will charge double, but by gum you'll have cheap fruit pickers."
I'm skeptical of this. I've never considered "too many consumers" to be a problem and I would guess most businesses don't either. You seem to assume the supply of goods and services in the market is fixed and not dynamic -- and that businesses are currently "at capacity" such that an increase in business will create negative consequences for others. But where is the real-world proof that adding a few million foreigners will crowd me out of my dentist appointment? Also, how do you know immigrants are consuming these exact same services as everyone else? If it is true, where are we seeing this today in the market?
I'm currently in NYC, where it's possible to encounter long lines at the most popular tourist destinations and restaurants. Thankfully there are seemingly infinite alternatives available as well. But does this influx of foreign tourists mean this is "bad" for me? That the economy doesn't "need' these people?
What am I misunderstanding?
I had not thought in this way before. Thanks for clearing my mind and looking in this way.
I teach English As A Second Language to Community College Students at night. Most of the students tell me they are "illegals". Many have good skills-- house painters, tile layers, plumbers, and electricians. They have too many work requests. Thinking they were popular because they they were cheap and working for cash. Wrong. They were busy because they did very good work, showed up when they said they would, and finished the job on schedule. I asked did they want to live in the US? Definitely not. They were here only because there was so much work, and the pay was 2-3 times greater than Mexico. I asked if they had plans. They said they wanted to earn enough money to take back to Mexico and buy a little grocery store in their native town, get married and have a nice family. They worked 12 hrs. a day 7 days a week. I asked if they were afraid of getting deported. They said not at all. If you know what you're doing, there are many places to slip in and out of Mexico to the US.
Which they did regularly. They seemed smarter, harder working, and better-adjusted to reality than the bible-thumping racists who think they're God's special chosen, and deserve everything without any effort, because they're whites, and they emigrated here 4-5 generations ago.
We are in contact with a Julie St. Onge Sgt USMC and the
scheduler for the USMC Commandant. Are you related. Our goal at www,orsja.org is to return to a Constitutional republican form of government this year 2024.
I think the issue is that this quite a stylized model that does not address the general equilibrium. If we were to take the assumption that immigrants are perfect substitutes for local workers (which they aren't -https://www.nber.org/papers/w12956 , https://www.nber.org/papers/w13389), lower production costs, will increase the real purchasing power of everyone.
Additionally, if immigrants did hurt the wages of locals of similar skill level, then we should also across state significant migration flows within those skills groups (if a lot of immigrants come to Florida, unskilled natives should leave Florida for other states).
Moreover, the argument laid out here also easily applies to trade - any imports from abroad hurt local workers. But we know that gradual trade has major positive effects.
What did you think of Putin‘s description of the US inflation levels? I believe he stated they were at 2.5%.