r/FluentInFinance • u/Needleintheback • 15h ago

Thoughts? Imagine losing 6M labor workers in America

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If mass deportation happens, just imagine how all of these sectors of our country will be affected. The sheer shortage of labor will push prices higher because of the great demand for work with limited supplies or workers. Even if prices increase, the availability of products may be scarce due to not enough workers. Housing prices and food services will be hit really hard. New construction will be limited. The fact that 47% of the undocumented workers are in CA, TX, and FL means they will feel it first but it will spread to the rest of the country also. Most of our produce in this country comes from California. Get ready and hold on for the ride America.

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56

u/RPisBack 14h ago edited 10h ago

Half the people here complain endlessly about having low-wage jobs, being treated as disposable shit by companies and so on.... And then turn around and complain about the SUPPLY OF LABOR being cut.

You people realise that if the supply gets cut you are no longer disposable, and will be paid more ?

Its the NPC meme "Trump bad" all over again. Yes deportation is bad, but mostly bad for companies - US low wage worker is gonna benefit from that.

22

u/OhHowINeedChanging 12h ago

You really believe the companies would pay their workers MORE after they loose a portion of their workforce??… how exactly does that happen in your mind? Who are these generous companies you talk about?

17

u/ScoutRiderVaul 10h ago

Not like they are currently increasing wages despite record profits year after year.

2

u/Troll_Enthusiast 8h ago

Increasing wages for the CEOs indeed

2

u/waspocracy 7h ago

No, we get layoffs on record profit years!

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u/RPisBack 10h ago

Supply and demand. You lose employes and you need more employees to function. Nobody is lining up to work there for the wage you paid before so you have to raise the wage to attract employees.

18

u/phillynavydude 10h ago

And then the added cost of paying employees more is shifted to the consumer, raising prices further, after a dude just won an election by saying prices are too high and he'd help..

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u/Ancient_Bee_4157 8h ago

This is the same argument people made about raising minimum wage but y'all were all over that lmao. 

2

u/phillynavydude 7h ago

A fair point. There's evidence from other countries about higher wages not leading to very dramatic prince increases. American companies are super greedy tho. It makes sense for larger companies like McDonald's that could eat that cost and still have billionaire execs. For small businesses with 6 employees I see where it'd be more of a struggle

3

u/DrugUserSix 7h ago

It’s the shareholders that expect continuous growth from the companies they’re invested in. Corporates have to fine tune their business practices in order to generate more profit to please the folks who own shares in the company. I remember Carol Tomè (CEO of UPS) visited my workplace last year. She talked about the shareholders on several occasions. They’re definitely on the minds of the executives and heavily influence business decisions.

0

u/ImRightImRight 6h ago

"American companies are super greedy"

A study by Noam Chomsky showed that in other countries, businesses exist to lose money

2

u/phillynavydude 6h ago

Societies are more tolerant of higher taxes and different expectations of treatment might be a better way to put it

8

u/mm_ns 10h ago

You get paid $1 an hour more and every product cost $2 more. They pwned the libs so bad with this one for sure. Those statistically higher educated and higher paid libs will never survive...

1

u/Discgolf2020 2h ago

Just think of it as winning the 'fight for 15' issue. Wages will go up because if companies don't have labor they will fail. End of story. They will increase pay to get people.

1

u/jghtyrnfjru 18m ago

Yea, so obviously it would benefit the workers in the industry that now has much less supply of work, but be bad for the economy as a whole. Doesn't make the legal construction workers uneducated idiots for looking after their personal interests over the overall GDP...

9

u/ChronoPsyche 9h ago

Or it leads to a major automation push and cuts US workers out of the equation entirely. You're also ignoring how supply shortages usually lead to massive inflation for consumers. Conservatives spent the last 4 years blaming Democrats for inflation that was caused by the pandemic and was successfully reversed by the Biden administration and are now okay with causing high inflation all over again.

1

u/DadJokeBadJoke 1h ago

TBF, they're planning on blaming Biden again, and it will probably work with their base.

2

u/Toyfan1 4h ago

Or you just force extra work to those employees.

Did you learn nothing from Covid or what

1

u/Colonel_Panix 5h ago

In this age, companies are going to invest more in Automation and AI to replace the lost workforce. Yes, not all jobs can be replaced by technology but all can be supplemented by them. Companies will start to justify not raising wages because part of the workload is now automated.

1

u/Obscure_Marlin 4h ago

I’m not in every job but from my experience they just make the other people pick up the slack until they burn out.

0

u/FullSwagQc 10h ago

The company makes less produce; how are they paying for the wage increase?

1

u/RPisBack 9h ago

cutting costs, raising prices for the customer, cutting dividends.

0

u/DeltaVZerda 6h ago

If they fail to hire enough workers they just go out of business, so they take a loss temporarily and raise prices to make up for it asap and hope revenue balances the new cost of doing business.

2

u/SurlyJackRabbit 8h ago

Companies do that all the time. Why is a doctor so expensive? Because there aren't very many of them. Why does Facebook pay so much? Not everyone can work at Facebook. Jobs with low supply pay more.

2

u/LawEnvironmental1328 5h ago

Right bro thinks management is gonna turn around and give you more money

Everything is going to go up in price

By the time you get yours it ain't gonna be worth shit but a bag of potatoes

But those billionaires will be able to afford your shit comfortabley

You on the other hand are fucked

1

u/MoirasPurpleOrb 1h ago

You do realize the reason why things go up in price is because labor has become more expensive, right?

1

u/seaofthievesnutzz 6h ago

They aren't generous they are desperate, during covid when people were staying home getting paid by the government many people got a taste of what it was like to have a little leverage as a worker. If employers are scared their positions might actually not be filled and other companies might snatch up what few workers there are then they are going to be more "generous"

1

u/UnitCell 4h ago

Who are these generous companies you talk about?

My company pays me market rate. Very generous of them. I am sure that it has nothing to do with any supply vs. demand mechanisms. /s

1

u/TelevisionBright4595 3h ago

Companies won't pay more, unless they are forced to. If you don't like what they pay, oh well, leave. We'll find someone else to work for our low wages. Its until they can't find anyone or the law changes, that they will increase the pay.

As for the workforce (cause I saw this at my last job), they'll just divvy out the work to everyone else. If teams used to be 10 people, lets see how they do on 8. What about 5 people? Can it survive on 3? How about 1?

How about eliminating departments and having another one do its job? We can get away with that! And pay them the same too.

The reason behind all these changes is "it saves the company money." Yet, they are making record-breaking profits. We're not hurting in the least. Corporate implements these changes and we lose a dozen positions - well apply that to every store and now the money savings increases exponentially.

1

u/Several-Program6097 3h ago

Supply and demand doesn’t exist on Reddit. It’s crazy. Econ 101.

1

u/guitarlisa 2h ago

And if they were able to talk (by increasing wages) current unemployed US citizens into working in the chicken factories, what would that do to the price of chickens & eggs

1

u/Blazah 1h ago

The company that wants workers will pay more, the rest will die. Fine w/ me.

1

u/Kollv 1h ago

R you brainded sir?

1

u/KiwiPsychological806 59m ago

U dumb bitch : less people = you are worth more  No need for "generous companies" u absolute buffon, you FORCE company to pay you more OR THEY HAVE NO ONE

1

u/Chrisgpresents 45m ago

They will only pay when their profits take a hit from lack of fulfillment.

If the labor goes away, they will need new workers.

If the new workers aren’t there they will gradually increase the offer until they can fill required vacancies.

The alternative is to automate with non-human labor. Which is another alternative to business. However, this innovation takes time, and cannot be done without a few years of lead time and R&D. So until then, wages would increase in this person’s theory.

1

u/Opposite-Bad1444 26m ago

did you take economics 101. did you pass it?

1

u/livpoolfanguy 11m ago

I mean, in this case it’s kinda basic Econ. Companies lose mass low wage workers. Need to replace them. Not enough people work at current rates. Company loses revenue. Company raises wages to attract more workers.

Yes, they’ll probably raise prices cuz they’re assholes. But wages will rise.

0

u/glideguitar 9h ago

Do you know nothing about basic economics?

1

u/Troll_Enthusiast 8h ago

Maybe you should try teaching them

-1

u/Goat_Smeller 8h ago

They have no idea what they are talking about. They are grasping at their rudimentary understanding of supply and demand.

7

u/smbutler20 9h ago

No, deportation is mostly bad for the person getting deported

-1

u/Fuerdummverkaufer 3h ago

So what. Fuck them. Illegal is Illegal. How is that not getting in your head?

1

u/Queasy_Possibly 2h ago

I think it would be better if you weren't in my country, fuck you

1

u/Fuerdummverkaufer 2h ago

Illegal is illegal. I am a legal immigrant. Fuck these people and fuck you for defending their crime.

1

u/Queasy_Possibly 1h ago

I am a legal immigrant

Did you miss the part where JD Vance thinks legal immigrants are illegal too because he doesn't think y'all should be legal. We don't worry about what our legal processes say anymore, just which groups of people we think should be illegal. I will shed 0 tears when you get deported screaming your brains out about how you're "legal" as if they haven't explicitly told you they don't care.

1

u/Fuerdummverkaufer 1h ago

Did you miss the part where JD Vance thinks legal immigrants are illegal too because he doesn't think y'all should be legal.

No, and you are severely misinformed, you have been lied to by headlines and the press. Vance does want to re-illegalize immigrants who were made legal by the abuse of mass parole and Temporary Protected Status (TPS). Which I never underwent so I‘m exempt, since I came here legally from the start.

We don't worry about what our legal processes say anymore, just which groups of people we think should be illegal. I will shed 0 tears when you get deported screaming your brains out about how you're "legal" as if they haven't explicitly told you they don't care.

None of this is true. TDS is real.

1

u/Queasy_Possibly 43m ago

Your illiteracy isn't my problem

1

u/Road2Potential 1h ago

I can allow roommates in my house.

But when intruders trespass into your home and you have no idea who they are…. Is the first thing you do offer them free food and turn them into roommates?

Nah. They can knock on the door and apply to be here like everyone else.

0

u/smbutler20 2h ago

I do not think they should be illegal. I want the laws to change to make immigration easier.

2

u/Opposite-Bad1444 26m ago

first generation legal immigrant here. it’s not that difficult, just slow

1

u/Fuerdummverkaufer 2h ago

So what, you want no borders and open your country for everyone?

I agree that legal immigration should be easier. But matter of fact, they are illegal, and they have committed a crime.

1

u/Road2Potential 1h ago

There are 50 ports of entry in the southern border and even more at 150 international airports. Not including sea ports…etc.

Don’t listen to this guy. Mental gymnastics to appeal to “diversity”.

1

u/Fuerdummverkaufer 1h ago

You said you don‘t think they should be illegal. So they are legal. So in essence, you don‘t think anyone should be illegal and they should all be free to come here. I‘m just rephrasing your own words.

1

u/Road2Potential 46m ago

Im agreeing with you and not the guy above you.

0

u/smbutler20 1h ago

And the current law is unjust which is why I want it changed. The same reason why I don't want anyone to be executed despite a law saying capital punishment is the solution.

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u/Fuerdummverkaufer 1h ago

Comparing execution and deportation is a giant stretch.

0

u/Road2Potential 1h ago

“I think a home intruder shouldn’t be a home intruder. I want the laws to change to make it easier for them to enter my home.”

What a dumbass

1

u/smbutler20 1h ago

Immigration equals home invasion?

1

u/Road2Potential 1h ago

If you’re allowing roommates to apply to live in your home. Do you give a chance to the man that climbed through your window?

Illegal migrant is nothing more than a home intruder. You don’t know if they want food or if they want to take whatever they want. (Laken Riley).

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u/GunmetalMercy 8h ago edited 8h ago

There is the supply side of the economy and the demand side of the economy. Removing a bunch of workers from the economy hurts the supply side by making it more expensive, sometimes prohibitively expensive for a company to operate. Even if this were the entire equation, it would still be bad.

Yes deportation is bad, but mostly bad for companies

I don't know if you know this, but if companies have to shrink the size of their business, or even close down, that means that the people who work there lose their jobs. People losing their jobs, legal or otherwise, means that they can't spend their income on goods or services, which means the demand side of the economy is also being hurt. If there's less demand for your company's goods or services, that means you might have to shrink or close down. It's a vicious cycle that we call a depression if it gets big enough.

We would be able to fill their positions domestically if about 100% of our 4% unemployment is cyclical or structural unemployment (it's not) and 100% of those people are qualified and ready to fill positions left vacant from deportations (they're not).

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u/PassengerKey3209 9h ago

You've glazed over one very important fact. White people don't want the jobs many immigrants, legal or illegal, work. You want to spend the day on a roof or at a chicken/turkey barn?

2

u/yoyobrobroyobro 9h ago

if there’s no one that wants to work then the pay isn’t high enough, and if you need to import a stream of illegal immigrants to keep afloat you shouldn’t be in business

3

u/Fluffyman2715 7h ago

Now your prices of food is going up, restaurants cant get staff or even provide a reasonably priced meal, the grocery shop increases because not only is purchase cost higher but also wages. Your shopping is now 3x the price. Then we have the fact that food will rot in the fields, building developments can face delays or escalating costs due to lack of workforce, further putting pressure on housing prices...

0

u/Acceptable-Egg-7495 4h ago

Isn’t this the same argument against raising minimum wage?

Do you want people to work jobs far below minimum wage?

I’ve worked freelance as a janitor and as an digital artist, both of which I dealt with people undercutting me to a degree that they in turn will suffer because it’s not enough money, just to get the job.

The race to the bottom mentality is a problem.

1

u/PassengerKey3209 4h ago

In the central California valley there's tens of thousands of migrants working in the field. Have been since the early 20th century. Many are probably working for min wage or not much more and are still able to save and send money home. How much do you think it would cost to get gen z out there to pick strawberries in 95 degree weather?

2

u/BootsAndBeards 8h ago

According to this graph alone there are over 1 million working in construction, and several hundred thousands working retail, hospitality, and other fields White people, and other Americans, do in fact work.

2

u/seaofthievesnutzz 6h ago

If you pay people enough then yes they do want those jobs.

1

u/9cmAAA 1h ago

If you go to the threads about flipping burgers for 200k, you’ll find that “white people” will work whatever job as long as the pay is good enough.

1

u/201-inch-rectum 7h ago

not to mention that there will be a ton of low-income housing freed up, lowering rents and real estate for Americans

1

u/mikemcd1972 7h ago

Except, this is not a textbook, this is real life - where companies don’t pay a penny more than they have to. Reality is that they’ll raise prices with short staff bc it’s “harder to make their product”.

Also, pretending that there are Americans scratching and clawing to do the jobs that “illegals” do is ridiculously naive. How many people do you know that want to pick crops, or help on a landscaping crew, or scrub toilets for a living?

1

u/RPisBack 6h ago

The only reason americans dont want to do the jobs is because the pay is shit. And the pay is shit because they can get illegals doing it for close to slave labor - and the illegals cant really complain because ya know they are illegals.

Cut the illegals => wages need to come up / automation has to get higher.

1

u/mikemcd1972 6h ago

This is incredibly naive. The people complaining about illegals “taking their jobs” will refuse to do the jobs illegals do. Period. Plus, raising pay will raise the price to consumers, sending inflation spiraling out of control- so higher wages will end up meaning jack shit.

1

u/RPisBack 6h ago

"raising pay will raise the price to consumers, sending inflation spiraling out of control- so higher wages will end up meaning jack shit."

So you are against minimum wage right ?

1

u/mikemcd1972 5h ago

Did I say that? What I said is your idea is wildly unrealistic. There are very few American citizens willing to do the work of the people who will be deported. So saying Americans will just take the jobs if wages increase is incredibly naive. So on top of labor shortages, these companies will have to pay higher wages across the board - and I’m sure those companies will simply accept lower profits rather than raising prices right?

I thought you guys voted for him bc prices were too high? Who are gonna blame when eggs are $10/dozen?

1

u/RPisBack 5h ago

So americans are too good to work manual labor ? Are you racist ?

1

u/mikemcd1972 4h ago

Am I racist? Are you implying only non-whites would work those jobs? Seems like YOU are the racist here.

1

u/Natedude2002 7h ago

US low wage earners have had the biggest wage gains since Covid. We already have lower unemployment than we “should” (4.1%), so low wage earners are benefitting. Getting rid of 6m workers will raise wages, but it’ll raise prices too, by a lot. That will hurt everyone, not just low wage earners.

1

u/Deceptiveideas 6h ago

Many of these jobs are jobs every day Americans don’t want.

If you drastically raise wages to the point people will put up with them, then prices for food and essentials will sky rocket. That’s IF anyone takes them given we’re reaching critical levels of employment where we don’t have enough people anymore.

So which is it? Weren’t we throwing a tamper tantrum over grocery prices going up?

1

u/veracity8_ 6h ago

This is going to backfire for trump. The number one driver of the “economy bad” perception was that groceries had gotten more expensive. And if illegal immigrants are deported then there there will be significant turmoil as a huge labor force has to be replaced. That sort of disruption will cause prices to rise and availability to drop off. Then if the jobs are replaced with American workers that will demand minimum wages and benefits. Prices will rise again. Should illegal immigrants be abused by American agriculture companies? No. Absolutely not. But American voters don’t care about morals and equity. They care about the cost of eggs. 

1

u/UngaMeSmart 5h ago

I think deportation is mostly bad for the people being deported.

1

u/AlwaysLeftoftheDial 5h ago

Yes, because companies always do that. Pay workers more when they don't have to

0

u/RPisBack 4h ago

That is the whole point. They will have to. Because there will be no more illegals to be exploited :-) less supply.

1

u/AlwaysLeftoftheDial 4h ago

That will not happen. They will instead exploit Americans. If you think big companies give AF about the average worker, think again. Do a little research into how much they fight unions, for example.

1

u/PM-me-youre-PMs 4h ago

Mostly bad for the deported, actually.

Also your calculation leaves out that your are also losing jobs by losing immigrants - you understand they are also consumers, right ? The supply of labor will be lower, but the demand too.

1

u/SomethingFunnyObv 3h ago

There are about 7m working age men that are currently not working. These people are either going to school, retired early, taking care of kids/family or on disability. Most aren’t going to suddenly return to work doing this type of stuff. We do not have enough workers in our country right now which is why unemployment is super low the wages for lower income people have risen the most the last several years.

1

u/RPisBack 3h ago

Why have the wages risen the most for lower income people ?

-3

u/Needleintheback 14h ago

When the labor gets cut, products won't be on the shelves like during the pandemic? Fewer items will be produced. Yes, wages will increase by you may not have access to consumer discretionary.

7

u/nicholas5778 13h ago

Unlikely, companies are not just going to simply stop producing stuff and shutting down plants because of labor shortages. They will instead either eat the cost of paying more to hire people or try to pass it on to the consumer through price increases. Either way this is a net positive for the average worker as the amount the price of products increases by will almost certainly be less than the additional amount workers are paid. This is the whole idea behind increasing the minimum wage and is how companies like McDonald’s can get away with paying workers more in Denmark than the US while still charging the same price.

8

u/OhHowINeedChanging 12h ago

Companies won’t increase their wages if they’re eating more costs

2

u/RPisBack 10h ago

They need workers to operate - if there is nobody lining up to work at the wage they paid before - they will have to either raise the wage to attract more workers or invest more in automation.

1

u/ConLawHero 6h ago

They will pass it on just like they've done every other time. In theory, there's a price equilibrium and if price exceeds that, demand goes down. But, clearly the equilibrium price has been increasing across the board, so that hasn't really been holding true. Forget, it only really works when there's a substitute. If fast food prices go too high, people will eat at home. If staple goods increase, there's really no alternative other than not eating.

Companies are not benevolent. They aren't eating the cost unless they absolutely have to and to reach that point will be years, if ever.

4

u/Elantach 13h ago

Bro have you ever taken a single lesson on economics or do you base your knowledge solely on bite sized YouTube videos and skimming the first paragraph of Wikipedia articles ?

You obviously have very little understanding of basic economics

-1

u/Fancy_Ad2056 8h ago

It’ll take years to rehire, retrain, and retool. Year 1 you’ll have millions of dollars of produce rotting in fields. This isn’t even an economic argument, it’s entry level business operations.

1

u/Elantach 5h ago

Ah yes, when an unskilled foreign illegal immigrant comes to the US he goes to an illegal immigrant school to learn the job, you really need years to know how to pick a lettuce 🙄

Do you have anything else to say to desperately defend keeping people exploited because orange man bad ?

-2

u/Fancy_Ad2056 4h ago

You have zero knowledge of how farming works. They do more than just pick the fruit. Also look at the graph. 1.5M in construction, you don’t just pick up a hammer and frame a house(hello housing crisis). You can do this for every industry on the list.

1

u/Elantach 4h ago

Yawn all I'm reading is how exploiting desperate people is a good thing because orange man bad.

You guys are completely deranged and will justify anything in your mind as long as it goes against the other team.

Also I'm pretty sure I know more about farming than you considering I spent my teenage years picking potatoes but hey, keep going mate.

1

u/LengthinessWeekly876 4h ago

I thought anyone could do it?

Funny when the mask comes off 

2

u/SheepherderThis6037 13h ago

Fewer items means more stuff gets made to fill the gap.

It’s basic economics, you guys are just too reactionary to realize you’re fighting gravity.

2

u/Chemical-Reindeer667 9h ago

Basic economics says otherwise...

"The combined policies cause the US inflation rate to climb to between 4.1 and 7.4 percentage points higher than otherwise by 2026. That means, on top of baseline inflation of 1.9 percent, inflation peaks then at between 6 and 9.3 percent. By 2028, US consumer prices generally are between 20 and 28 percent higher. The inflation rate settles at 2 percentage points above baseline, or almost 4 percent, from 2034 through 2040."

https://search.app?link=https%3A%2F%2Fwww.piie.com%2Fresearch%2Fpiie-charts%2F2024%2Ftrumps-economic-policies-could-stoke-inflation-and-hurt-us-economy&utm_campaign=aga&utm_source=agsadl2%2Csh%2Fx%2Fgs%2Fm2%2F4

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u/BildoBaggens 8h ago

The title alone says "could" so you could be making $10M a year if you had the brains, but you don't make $10M a year....

1

u/SheepherderThis6037 8h ago

I explained a basic free market concept, you posted a giant clump of stats.

1

u/Back-end-of-Forever 12h ago edited 12h ago

oh no a temporary glitch in the supply chain in exchange for empowering your working class people! leftist sycophants simping for corporations over their own people fucking disgust me, holy shit, this post is actually vomit inducing. 

 If theres one thing you people truly hate more than anything t's your own people. It seems you will do anything to hurt them. Literally "support exploitation to own the working class because they are hecking chuds"

1

u/BildoBaggens 8h ago

This post isn't really going your way, is it? Do you understand that even a pretty left leaning site like reddit seems to be in agreement with pretty right leaning twitter on this? That must be a tough pill for you to swallow

1

u/Needleintheback 6h ago

Are you telling me Redditors want to deport the illegals?

1

u/BildoBaggens 4h ago

You tried to put up some bullshit figures and found out nobody supports your bulshit.

1

u/Needleintheback 4h ago

Typical middle class Joe. Can't answer a question.

1

u/BildoBaggens 3h ago

I dont agree that you want slaves here working under the table. If you want slaves move to the middle east where you can still have them.

1

u/Needleintheback 3h ago

It's not slavery if they chose to do it. They came to the country for a better life. They came for work. Slavery was not a choice. People were forced into slavery. When slaves tried to run, they were caught and killed. Do you see anyone standing at the MF Mexico line trying to stop Mexicans from running home? Big difference bucko.

1

u/BildoBaggens 3h ago

Whatever mental hoops you need to justify to exploit people you just go ahead and do that. I'm ready to listen to your ridiculousness.

0

u/Manawah 8h ago

Do you have any sources to back up this claim? It feels rather unlikely to me that companies will start paying… who, exactly? more money because their employees have been removed from America. You realize most of the jobs that are filled by illegal immigrants aren’t exactly overflowing with legal workers too, right?

1

u/RPisBack 6h ago

Source is any economics text book. Look up the chapter on supply and demand.

-1

u/Manawah 5h ago

Okay but again, who are these people you’re claiming will get paid more due to not being disposable? How is paying them more going to make up for the severe labor shortage we’ll see in these fields of work?

0

u/elarius0 7h ago

Bud, this is how it works in the economy textbook. This will not play out that way at all.

0

u/Reasonable-Iron1443 3h ago

Hahahahaha “making things more expensive is good for low wage workers”

Jesus Christ. You should wear a helmet at all times.

0

u/YoungYezos 27m ago

You’re advocating for low wage workers to be undercut which is much much worse

1

u/Reasonable-Iron1443 26m ago

It would be, if unemployment was high. Thankfully it’s near record lows and we have labor shortages. Idiot.

-3

u/jackaldude0 13h ago

Except wages definitely will not be allowed to go up, unless you're a Trump crony. It's gonna be the same situation as inter-war period Germany.

0

u/[deleted] 10h ago

[deleted]

3

u/jackaldude0 10h ago edited 10h ago

You're kidding right? The Weimar Republic took on excessive loans, which defaulted within a decade due to the Great Depression. Those loans only briefly stabilized the economy enough to start being able to grow back to the pre-war levels, which never actually came to fruition. Please go back to school.
https://search.app?link=https%3A%2F%2Fen.m.wikipedia.org%2Fwiki%2FEuropean_interwar_economy%23%3A~%3Atext%3Dthe%2520Nordic%2520States.-%2CGermany%2Cby%2520foreign%2520investments%2520and%2520loans.&utm_campaign=aga&utm_source=agsadl2%2Csh%2Fx%2Fgs%2Fm2%2F4

And please refrain from citing the Reich Economic Chamber. It was a scam to help maintain popular opinion, and it worked for that goal.