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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 HubbaBubba
Posted on 5/10/24 at 6:35 am to HubbaBubba
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.
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 on 5/10/24 at 6:47 am to Wildcat1996
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 on 5/10/24 at 7:27 am to RaoulDuke504
So suppressing wages is now good?
This post was edited on 5/10/24 at 7:28 am
Posted on 5/10/24 at 7:29 am to RaoulDuke504
quote:
U.S. economy grow
Its not helping the middle class at all.
Posted on 5/10/24 at 7:31 am to Tchefuncte Tiger
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 on 5/10/24 at 7:33 am to RaoulDuke504
Ask the parents of Laken Riley if they give a shite about economic growth
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