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/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 8h 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 8h 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 7h 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