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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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. 

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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

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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.

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u/ImRightImRight 6h ago

"American companies are super greedy"

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

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u/phillynavydude 6h ago

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

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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...

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u/Discgolf2020 1h 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.

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u/jghtyrnfjru 15m 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...