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re: The surge in immigration under Biden has helped the U.S. economy grow

Posted on 5/10/24 at 6:35 am to
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27663 posts
Posted on 5/10/24 at 6:35 am to
I might grant you the illegals are helping to keep overall wages low even though overall shareholder returns have been pretty high over the last 30 years that probably are more of a problem for the middle class and wage growth.

But, the affordable housing probably is not. As compared to pre 2008, new home building is pretty low thus creating a scarcity of new inventory on the market even when interest rates were significantly lower.
Posted by CleverUserName
Member since Oct 2016
12672 posts
Posted on 5/10/24 at 6:47 am to
quote:

Leftists are making the argument that unfettered immigration makes the economy better by keeping wages low?


Oh not only that… this is after they have been calling for 20 dollar minimum wage across the nation… after already doing so in California.

The messaging is pretty meager on the economy if “hey, wages are low because Jose, Julio, and Javier came and took your job!! That is why the economy is great!!”
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
57307 posts
Posted on 5/10/24 at 7:27 am to
So suppressing wages is now good?
This post was edited on 5/10/24 at 7:28 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261245 posts
Posted on 5/10/24 at 7:29 am to
quote:

U.S. economy grow


Its not helping the middle class at all.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261245 posts
Posted on 5/10/24 at 7:31 am to
quote:

So suppressing wages is now good?


I'm pretty sure theyre just looking at GDP and other indicators, and have no clue how it affects people individually.

Posted by LRB1967
Tennessee
Member since Dec 2020
15764 posts
Posted on 5/10/24 at 7:33 am to
Ask the parents of Laken Riley if they give a shite about economic growth
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