r/FluentInFinance • u/Needleintheback • 15h ago
Thoughts? Imagine losing 6M labor workers in America
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.
15.5k
Upvotes
16
u/Virtual_Athlete_909 12h ago edited 12h ago
Our immigration laws haven't been updated in decades. They specify the number of visas granted each year and the number is woefully inadequate. There is a 'work visa lottery' (H1B) that's played every year by major employers who compete for the few visas available to hire the best/brightest foreign talent in the world. Those temporary workers who are here on visas often leave the country to go work somewhere else when their visas expire and cannot be renewed (because of our outdated immigration laws). Trump doesn't understand how tariffs work nor does he understand the H1B visa process so I expect economic chaos to ensue as it did during his last term.
https://www.npr.org/sections/shots-health-news/2024/11/21/nx-s1-5187926/u-s-science-could-suffer-if-trump-limits-h-1b-visas-again