Author Topic: D.C. Lobbies: Cut Inflation by Importing Cheaper Workers  (Read 104 times)

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Offline Elderberry

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D.C. Lobbies: Cut Inflation by Importing Cheaper Workers
« on: December 02, 2021, 01:47:35 am »
Breitbart by Neil Munro 12/1/2021

Congress can and should import more wage-cutting migrants to reduce President Joe Biden’s rising inflation, say progressives and business advocates.

“One of the driving forces behind inflation is the shortage of workers … And yet immigration has fallen sharply in recent years amid the pandemic and tougher immigration policies during the Trump administration,” said a CNN report. “Comprehensive immigration reform, which Biden could forcefully advocate for, would help ease the shortage of workers and thus the inflationary pressures, economists say.”

Inflation is being fueled by labor shortages, wrote Katherine Rampell, a Washington Post columnist. “There’s one underappreciated factor contributing to labor shortfalls that the Biden administration could alleviate almost immediately: the “missing” immigrant workers.”

The economic logic is correct; More immigration will flood the labor market, so shrinking wages, so reducing the cost of many items, including food and services.

More: https://www.breitbart.com/politics/2021/12/01/d-c-lobbies-cut-inflation-by-cutting-americans-wages/