Donald Trump’s immigration and labor reform policies would force down unemployment, pressure companies to raise Americans’ wages and salaries, and even make housing cheaper for young families, according to a supposedly critical report by Moody’s Analytics now being cited by Trump’s critics, including Hillary Clinton.
“As the immigrants leave, the already-tight labor market will get tighter, pushing up labor costs as employers struggle to fill the open job positions,” the report acknowledged. “Mr. Trump’s immigration policies will thus result in … potentially severe labor shortages, and higher labor costs,” the critical report promises.
The formal unemployment rate would immediately drop by a third, from 5 percent in 2016 to 3.5 percent in 2017, the report predicts. Housing prices would drop by almost 4 percent in 2018 and 2019, says the Moody’s report.
The prediction complements Trump’s repeated populist argument on the campaign trail that large-scale immigration slashes Americans’ salaries.
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3 comments:
Even her donors can see she's a scam and the Donald knows the deal.
"...As the immigrants leave, the already-tight labor market will get tighter, pushing up labor costs..."
...eventually passing the costs on to the American Middle Class with such things as $25 heads of lettuce and $400/day housekeepers.
OMG, 338! Nature will take its course, and we will all be better off for it.Mandating any one portion of the economy has disastrous trickle down results. Just look at Cash for Clunkers for one.It killed 20 other related industries.
You can't "Regulate" the Free Market System without choking it to death.
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