Why Bonds Still Suck | Aahan Menon of Prometheus Macro on Immigration’s Impact on Lower Job Numbers, Technology CapEx, Business Expansion, Manufacturing Green Shoots, and More
Monetary Matters with Jack Farley
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Labor Market Contraction and Immigration Impact
This chapter examines the current labor market's weaknesses, particularly focusing on concerning job creation statistics influenced by immigration policy changes. It highlights the differences between traditional business cycles and current labor dynamics, suggesting that immigration significantly affects employment growth. Despite signs of contraction, the chapter argues that the economic situation does not necessarily indicate a lasting downturn, while hints at a gradual recovery in sectors like manufacturing begin to emerge.
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