The chapter explores the economic implications of labor shortages in the US due to immigration policies, with estimates pointing to a $1.75 trillion impact by the end of the decade. It discusses the concerns raised by various business and trade groups regarding the chronic worker shortage and the importance of legal immigration to fill job gaps amid political challenges. Stakeholders are urging policymakers for legislative solutions amidst the backdrop of an impending election year and demographic challenges faced by major economies.
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Bloomberg Intelligence Senior Technology Analyst Anurag Rana discusses Apple’s iPhone sales in China falling by a surprising 24% over the first six weeks of this year, according to independent research that may stoke fears about worsening demand for the marquee but aging device. John Worth, EVP of Research and Investor Outreach at Nareit, talks about the impact of interest rates on the commercial real estate market. John Vinh, Equity Research Analyst at KeyBanc Capital Markets, shares his thoughts on the semiconductor space. Bloomberg News Global Economy Reporter Enda Curran provides the details of his Businessweek story Immigration Rage Drowns Out US Labor Market’s Need for Workers. And we Drive to the Close with Nancy Prial, Co-CEO and Senior Portfolio Manager at Essex Investment Management.
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