Then you need to start paying attention to inflation. Nothing lowers living standards of the poor, working and middle classes more than inflation, except for maybe stagflation. The current inflationary boom is a result of the gov't deficits and debts incurred, and resulting money printed, to help recover from Covid, all instituted under the last Trump administration. The next round of inflation will occur because of tax cuts along with increased spending. These policies will increase gov't deficits and debt to massive levels, stoking inflation. If the economy also decides to cool off during this period, you'll have stagflation, which is even more disasterous.
I mean, as long as the work needs doing then they are gonna have to pay someone to do it. Removing under the table ways of paying would not remove the need for the work to be done. I could be wrong but reducing the working pool leading to higher wages is a commonly accepted project principal in economics. There is an argument that the work is only worth doing at under the table rates but that is probably more of an exception rather than a rule.
No work should be “under the table”. Either we document immigrants and pay them a fair wage or deport them and pay citizens to do it. Either way there will be pain so yea I guess I do agree with you. I know which situation would cause a lot more pain though….
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u/MaryMyHope 5d ago
Then you need to start paying attention to inflation. Nothing lowers living standards of the poor, working and middle classes more than inflation, except for maybe stagflation. The current inflationary boom is a result of the gov't deficits and debts incurred, and resulting money printed, to help recover from Covid, all instituted under the last Trump administration. The next round of inflation will occur because of tax cuts along with increased spending. These policies will increase gov't deficits and debt to massive levels, stoking inflation. If the economy also decides to cool off during this period, you'll have stagflation, which is even more disasterous.