Patrick Boyle On Finance How Would Mass Deportations Affect the US Economy?
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Jan 15, 2025 The discussion delves into the potential economic fallout from mass deportations in the U.S. It highlights the significant labor shortages that could arise, particularly in sectors like agriculture and construction. Historical context enriches the examination of immigration policy shifts and their impacts on the workforce. Demographic changes and local economic effects, including education and housing, are also explored. The conversation raises critical questions about the balance between immigration enforcement and economic stability as the U.S. navigates these complex challenges.
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Deportation Complexity
- Trump's promised mass deportations are complex.
- They involve locating, arresting, detaining, and potentially removing 6% of the US workforce.
Migrant Economics Paradox
- Economists argue that migrants don't suppress wages because increased labor supply is offset by increased demand.
- However, they now warn that mass deportations will cause labor shortages, wage increases, and inflation.
Border Crossing Influx
- An immigration attorney suggests that better treatment of illegal immigrants, who now claim asylum, contributes to increased border crossings.
- Social media amplifies this by allowing successful migrants to share their experiences, attracting more.