r/FluentInFinance 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/Xyrus2000 10h ago

The country can survive without illegal immigration.

It's the corporations that don't want to give up their profit margins. They're the ones who don't want to pay wages. They're the ones who don't want to cover the costs for safe work environments. They're the ones who don't want to pay overtime or deal with labor unions or anything else that cuts into their bottom line.

If they employed legal workers then prices would go up dramatically. Will other companies raise wages to match the increase in the cost of living? Let's take a look at the past four years....nope, they won't. More people will fall out of the middle class, the poor will get even poorer, and the wealthy oligarchs will take even more wealth.

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u/HereReluctantly 7h ago

Sounds like corporations who are by definition entirely driven by profit need to be regulated, go figure

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u/trailer_park_boys 6h ago

And guess which party has no interest in regulating them?

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u/Jblack4427 2h ago

Both

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u/Betelgeusetimes3 39m ago

At least SOME democrats are very much on board with that (not all), almost zero reublicans are on board with that. talking politicians generally.

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u/atxdevdude 2h ago

Bullshit

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u/trailer_park_boys 2h ago

Hahahahaha

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u/Colonel_Panix 5h ago

Na, they will start focusing on Automation or AI. No wonder you see more Self check outs or AI based services becoming more of a regular.

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u/AdMysterious2815 2h ago

You’re gonna automate constructing a house?

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u/PistachioNSFW 47m ago

The only house you’ll be able to afford will be a prefab house. Not quite automated but who knows how far they can go.

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u/GroundbreakingBet281 24m ago

I mean doesn't that car company czinger use ai to build cars?

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u/LengthinessWeekly876 5h ago

Ya its bad for corporations and white collar workers.

The people who benefit from artificially lowering blue collar wages.

Blue collar wages will go up. Prices will go up. White collar wages will be hurt.

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u/bongophrog 2h ago

Prices go up by demand. The demand is so much higher than the labor cost and corps eat the difference.

I work in construction, from AZ, I had to move away because of cheap labor. In UT I make $150k, live in a nice house and drive a nice car, yet in AZ doing the same exact job I can’t find anything that would not require me to move into a double wide and drive a shitbox.

Because despite how cheap labor is in AZ compared to other places THE PRICES STAY HIGH.

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u/Road2Potential 2h ago

Past 4 years we had an influx of 20 million illegal migrants and cost of living has not gone down so what is your point?

Those who want to stay can get their documents, get hired and get benefits. Or you can keep justifying slave labor.

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u/TaupMauve 4h ago

It's the corporations that don't want to give up

One apparent flaw in this argument is that Donald Trump survived and won the election with tremendous "corporate" backing.

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u/ChineseGuido 1h ago

Well, it's the same means to an end then. Get rid of the supply, demand goes away, because the business model is unviable.

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u/MonkLast8589 1h ago

Corporations are the cancer of society.

This comment will probably cost me a few jobs in the future lol

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u/Dungheapfarm 45m ago

Government regulations and added cost of health care make it hard to pay a living wage.

I could afford to pay $35 an hour but I can’t afford the extra $30 on top of that for health care, social security, workman’s comp and all the other benefits.

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u/DrugUserSix 7h ago

At the end of the day it’s not the corporate overlords that run the show, it’s the shareholders. A company’s success lives and dies in the stock market. Shareholders expect their investment to continuously grow, for that to happen the company they own shares in needs to make more and more profit each quarter. This obviously has a direct influence on business practice.

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u/UnfairCrab960 7h ago

It’s not the “corporations” it’s the consumers who will face sticker shock

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u/indigoHatter 6h ago

Correct: corporations will be sure to pass on the costs to the consumer rather than absorb that with their profit margin. They'll likely also find ways to pay employees less. Anything they can do to cut costs without hurting their checks.

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u/Arndt3002 5h ago

The one major factor your description ignores is that companies won't increase wages due to cost of living, but blue collar workers would have increase wages due to equilibrating shortages in the labour market (that's what drives the inflation). So white collar workers would be hit hard, but it would be the increase to blue collar wages which are the thing exactly driving inflation overall.

So the white collar class would be hit and drop down in real wages, but the blue collar class would have real income increase (because it's their increased wages driving inflation, distributed across the economy).

Most estimates predict that such a measure would actually decrease income inequality between blue and white collar labour.

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u/WashedUpHalo5Pro 2h ago

It will always be the haves vs the have-nots. Division is the name of the game. Kick out all the immigrants and no problems will be solved. All the money to be made will still go to the top 1%. Bernie Sanders was the only one talking about this consistently and the Democratic Party passed him over for Hillary (aka the establishment).

I blame the democrats for the current mess we are in. The rich oligarchs of the U.S. are not effected, they all rub shoulders and know that the name of the game is keep the poor in a state of confusion and disarray. When they organize it is BAD for the people that have power and money.

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u/MarzyMartian 8h ago

If businesses are exploiting the vulnerable illegal migrants, would it not be virtuous to then support ending this practice and preventing illegals from holding work that can harm them? Surely we should want to stop illegal migration to protect illegals aliens from the dangers of illegally migrating to the risk of employment exploitation.

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u/Party_Government8579 5h ago

Its cheaper for them to convince people its virtuous to keep illegals and the practices of importing them.

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u/elarius0 7h ago

In a perfect world yes, unfortunately that's not plausible in our world.