Impact of Immigration Policies on Labor Market

The podcast highlights the significant number of undocumented people in the United States, estimated between 10 and 15 million, and discusses how current immigration policies could impact the labor market, particularly as the U.S. prepares for a shift away from reliance on China. The transition towards increasing industrial jobs is evident, but the approach taken towards illegal migration could restrict the necessary labor force needed to accommodate this growth. Historically, the business community has supported larger flows of migration to access a diverse workforce, but the current political landscape has shifted this dynamic, making businesses less influential in immigration policy. The hardline stance taken by the current administration may result in economic costs, raising questions about the effectiveness of these strategies in achieving desired outcomes.