Quote:
Originally Posted by bagekko
Here's some non-msm official govt stats logic.
US border crossing immigration was almost 3 million in 2023, of which were 1.7M working adults. No official stats on how many of them have jobs now, but official stat is the US added 2.7M jobs in 2023, safe assumption we'll say half that is from border crossers. Then you need to add in about 300k legal immigrants and some unknown number of undetected border crossers. The impact is a significant portion of GDP growth and has an impact of inflation, more people more demand.
Now here's how this impacts the real world observations below. Unemployment for those 16-24yrs old is trending up, above 2017, 18, 19 levels pre pandemic. Which is putting more financial responsibility on their parents.
Excess immigration has an impact on the lower end wage growth. More people looking then the less you need to increase wages.
Sure the economy is growing and the job numbers look "great". But for many Americans today their situation is not better than yesterday.
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There is even more to this story... check where the immigration is coming from and the top countries include Mexico, China and India... these are not white collar immigrants but lower wage, unskilled workers... point being, very few people are immigrating here for high wage / skilled jobs at this point because they aren't much better than in their home country in terms of pay vs cost of living... so all that is left is lower level immigration to fill jobs that few here want to do (and of course so our corporations can easily underpay workers as well).