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.
Heavy-handed review. You sound quit nonsensical yourself, but I'll get to you in a minute.
Peter simplified his example to a few variables to make the material parseable.
He is correct of course: this mass migration is helping conglomerated business owners suppress their labor costs, to the detriment of legal American workers.
Back to you David.
You said "free market capitalism can handle virtually unlimited numbers of willing workers at market-based wage rates"
That is naive.
Price is the ultimate transfer agent for information, but it has delays, and government frankly is messing with it in this situation.
You insinuate that the market will work digest these workers neatly, but in reality to Peter's point these are not skilled laborers. These are folks who are being driven here for political reasons, just a head of the census, because there is a belief that they will vote 80% Democrat as a thank you + their headcounts will help Democrat districts in the Census.
It also creates more surface area for electoral theft.
Incredibly misinformed argument to forget about confounding variables as well, David. A lot of other things were happening in America versus the broader world in the period you called out with 4% growth for four decades.
David, everybody has a lens and an opinion. Illiterate illegals dumped on an unsuspected economy where people are jetting WOKE'er by the hour is a sure recipe for disaster. Of course, as long as they only crap in somebody else's back yard (ask Martha Vineyard residents about that) things are hanky-dory. But, I have bad news for you. It is not REALLY all good. Illegals bring habits and survival tactics with them including diseases -that we thought would have eradicated - by now. Statistics show a HUGE cost to society and - let me add this little note to this notion - are having a devastating effect on individuals born and "grown" in this country who have no choice but to pick up the shit (from the streets and elsewhere) and the costs of keeping these people in line and away from their daughters and sons and wallets. What about FIRST looking after Veterans and homeless and get to grips with our internal problems, including throwing money at Deep State projects like wars, calamities, global warming and of course killing of 95% of the population. You realize - I hope - that if you keep on marching...you won't have any people to clean your teeth or service your EV at all.
BTW. Have you looked at the latest - current - statistics on longevity for MEN in the US?
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.
Immature and misinformed. You're just name-calling. History is on my side. I'll send you a reading list with dozens of texts. But it can be complex. First you might take a few history courses at your local community College. You'll enjoy the books more with a little more background than you get from your country preacher.
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?
How long does it take to add a new dentist to the economy? If you add 5 to10 million people to the economy in a relatively short time but it takes 8+ years to get a new skilled worker into the economy are the immigrants going to do without those services?
In your example, how do you know that the current supply of skilled workers is at capacity or will be at capacity, such that a sharp increase in newcomers will create problems? On paper, I can see how suddenly dropping 10 million people into a tiny village where there's only one dentist will result in long wait times or a "shortage." But we're talking about a country -- a complex, dynamic economy with hundreds of millions of people.
How does NYC manage to absorb 60M tourists a year into their economy, but a country of 350M+ can't absorb 10M without causing shortages?
If this is currently happening, where in the market are we seeing immigrant consumers overwhelm the capacity of businesses?
Very true. Where I live, there is a crying need for semi-skilled, reliable employees. Most natives say legal locals don't want jobs. They want drugs. So a huge surplus of job openings that don't get filled.
I agree with you that I don't know if the supply of skilled workers is at capacity to meet the need of the influx of newcomers. I think it is not. My point is that when you drop 5 or 10 million people into the general population pool and these people need the services that are available that some adjustments will be necessary. This adjustment could take the form of skilled workers (Doctors, teachers, social workers, etc.) increasing their workload to provide support to these newcomers or new skilled workers moving into the area where the need is greater (people moving to where the jobs are and to where these skills are needed). My knowledge about my area, small town central Oklahoma, is that there have been adjustments to providing services. The local government has seen an influx of people, greater then normal and what was expected, and has to adjust its social services to meet this influx. Such adjustments as hiring new police, expanding the medical services, opening a new homeless shelter. This adjustment, we hope, will catch up with the need in short order. I was not saying that adjustments could not be made to meet this influx but in the amount of time it would take to stabilize the market for the needed skills.
You ask how NYC manages to absorb 60 million tourists a year. It is my opinion, and I have no hard data to back this opinion, that this is a yearly influx and NYC has adjusted to this influx for many years of dealing with the tourists and so the economy is geared to expect this increase. Also, those 60 million tourists are not all at one time but are spread over the year and they only spend from a few days to a few weeks in NYC and then leave to be replaced by others who do the same. The tourists are expected and the system has made the adjustments to accommodate them. If you listen or read Victor Davis Hanson he also talks about the influx of migrants into his area of California. A much worse situation than here in central Oklahoma.
They go back to Mexico for urgent services. You are so naive to think it's not easy for experienced people to move freely across the border, any time at all. Americans are so ill-informed about the realities of "illegal" immigration. Many industries run only because of the supply of "illegals" is sufficient to handle the needs of patriotic American racists.
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.
Heavy-handed review. You sound quit nonsensical yourself, but I'll get to you in a minute.
Peter simplified his example to a few variables to make the material parseable.
He is correct of course: this mass migration is helping conglomerated business owners suppress their labor costs, to the detriment of legal American workers.
Back to you David.
You said "free market capitalism can handle virtually unlimited numbers of willing workers at market-based wage rates"
That is naive.
Price is the ultimate transfer agent for information, but it has delays, and government frankly is messing with it in this situation.
You insinuate that the market will work digest these workers neatly, but in reality to Peter's point these are not skilled laborers. These are folks who are being driven here for political reasons, just a head of the census, because there is a belief that they will vote 80% Democrat as a thank you + their headcounts will help Democrat districts in the Census.
It also creates more surface area for electoral theft.
Incredibly misinformed argument to forget about confounding variables as well, David. A lot of other things were happening in America versus the broader world in the period you called out with 4% growth for four decades.
You believe we still live in a free market capitalism system and not a crony capitalism/socialism system?! That's cute
Aha. The economy was growing one hundred years ago, so everything is OK now. That makes a lot of sense.
David, everybody has a lens and an opinion. Illiterate illegals dumped on an unsuspected economy where people are jetting WOKE'er by the hour is a sure recipe for disaster. Of course, as long as they only crap in somebody else's back yard (ask Martha Vineyard residents about that) things are hanky-dory. But, I have bad news for you. It is not REALLY all good. Illegals bring habits and survival tactics with them including diseases -that we thought would have eradicated - by now. Statistics show a HUGE cost to society and - let me add this little note to this notion - are having a devastating effect on individuals born and "grown" in this country who have no choice but to pick up the shit (from the streets and elsewhere) and the costs of keeping these people in line and away from their daughters and sons and wallets. What about FIRST looking after Veterans and homeless and get to grips with our internal problems, including throwing money at Deep State projects like wars, calamities, global warming and of course killing of 95% of the population. You realize - I hope - that if you keep on marching...you won't have any people to clean your teeth or service your EV at all.
BTW. Have you looked at the latest - current - statistics on longevity for MEN in the US?
4.0 through leveraged debt
Immigration for Israel!
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.
How liberal. You disagree, so you cry racist. Lol
Immature and misinformed. You're just name-calling. History is on my side. I'll send you a reading list with dozens of texts. But it can be complex. First you might take a few history courses at your local community College. You'll enjoy the books more with a little more background than you get from your country preacher.
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?
How long does it take to add a new dentist to the economy? If you add 5 to10 million people to the economy in a relatively short time but it takes 8+ years to get a new skilled worker into the economy are the immigrants going to do without those services?
In your example, how do you know that the current supply of skilled workers is at capacity or will be at capacity, such that a sharp increase in newcomers will create problems? On paper, I can see how suddenly dropping 10 million people into a tiny village where there's only one dentist will result in long wait times or a "shortage." But we're talking about a country -- a complex, dynamic economy with hundreds of millions of people.
How does NYC manage to absorb 60M tourists a year into their economy, but a country of 350M+ can't absorb 10M without causing shortages?
If this is currently happening, where in the market are we seeing immigrant consumers overwhelm the capacity of businesses?
Very true. Where I live, there is a crying need for semi-skilled, reliable employees. Most natives say legal locals don't want jobs. They want drugs. So a huge surplus of job openings that don't get filled.
Tourists go home. Tourists don't use dentists or doctors or need car repairs, only in emergency situations, while they are touristing.
I agree with you that I don't know if the supply of skilled workers is at capacity to meet the need of the influx of newcomers. I think it is not. My point is that when you drop 5 or 10 million people into the general population pool and these people need the services that are available that some adjustments will be necessary. This adjustment could take the form of skilled workers (Doctors, teachers, social workers, etc.) increasing their workload to provide support to these newcomers or new skilled workers moving into the area where the need is greater (people moving to where the jobs are and to where these skills are needed). My knowledge about my area, small town central Oklahoma, is that there have been adjustments to providing services. The local government has seen an influx of people, greater then normal and what was expected, and has to adjust its social services to meet this influx. Such adjustments as hiring new police, expanding the medical services, opening a new homeless shelter. This adjustment, we hope, will catch up with the need in short order. I was not saying that adjustments could not be made to meet this influx but in the amount of time it would take to stabilize the market for the needed skills.
You ask how NYC manages to absorb 60 million tourists a year. It is my opinion, and I have no hard data to back this opinion, that this is a yearly influx and NYC has adjusted to this influx for many years of dealing with the tourists and so the economy is geared to expect this increase. Also, those 60 million tourists are not all at one time but are spread over the year and they only spend from a few days to a few weeks in NYC and then leave to be replaced by others who do the same. The tourists are expected and the system has made the adjustments to accommodate them. If you listen or read Victor Davis Hanson he also talks about the influx of migrants into his area of California. A much worse situation than here in central Oklahoma.
They go back to Mexico for urgent services. You are so naive to think it's not easy for experienced people to move freely across the border, any time at all. Americans are so ill-informed about the realities of "illegal" immigration. Many industries run only because of the supply of "illegals" is sufficient to handle the needs of patriotic American racists.
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%.