Thinker101
Diamond Member
- Mar 25, 2017
- 28,182
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Its Transitory."The nonpartisan Congressional Budget Office, citing fallout Trump’s immigration and trade policies, downgraded its forecast for U.S. economic growth this year to 1.4% from the 1.9% it had previously expected and from 2.5% in 2024. "
The deportations are causing a lot of wage stress as fewer persons are available for cheap labor. Industries are simply letting the jobs go unfilled instead of the double whammy of paying more to import products/raw materials AND paying more money to do largely unskilled jobs. Its almost as if the guy who bankrupted six companies and shuttered 3X as many more doesn't have a clue of what he is doing.
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Trump's immigration crackdown weighs heavy on the US labor market
President Donald Trump’s sweeping crackdown on immigration is throwing foreigners out of work and shaking the American economy and job market.apnews.com