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"Congress can actually help by increasing legal immigration, expanding the number of work visas in sectors that face worker shortages, securing the border, reducing tariffs on our allies, facilitating oil, gas, nuclear and renewable development, and reining in spending."
Mitt Romney Thinks More Work Visas Will Fix Inflation
That's enough talking points from Bain Capital for the day, thanks Mitt.
Inflation is "sticky", meaning its not a quick or easy fix.
Romney is an idiot if he thinks cheap labor will reduce inflation.
All it would do is make unemployment worse, and the recession deeper.
If you were one of the workers laid off, you would NOT welcome more cheap labor, would you?
When inflation was around 18 percent, Paul Volker raised interest rates which then led to a lot of job losses.
So in 1980, he caved.
And inflation came roaring back.
Volker than had to raise interest rates again and stick to his guns. The US went into a recession, but when we came out of it the American economy took off bigly.
Powell needs to stick to his guns.
There is a very good chance of a recession. The yield curve is inverted. That's been a very reliable indicator of a pending recession.
Powell announced a very strange metric he is using to determine when he will throttle back on interest rates: https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20220921.pdf
You want to be at a place where real rates are positive across the entire yield curve.
Since 2007, the Federal Reserve balance sheet has gone from around $870 billion to about $9 trillion.
That's a fuck ton of excess cash chasing too few goods.
The only way to lower inflation is to burn all that excess cash. And that's going to hurt. A lot.
Years ago, I called this massive expansion the Fed's Bond Bubble Doomsday Machine.
That bubble is finally starting to pop.
How about the 5,000,000 new migrants Biden let in?God, as much as I hate saying this, he's not wrong.
We are facing a worker shortage right now, because baby boomers are retiring faster than Gen Z can replace them. This is a major driver of inflation, as unskilled workers are going for a premium. Complicating that further is that Gen Z doesn't have the same workplace
How about the 5,000,000 new migrants Biden let in?
You are also ignoring the "Labor Participation Rate"
After Fau-Chi's Covid pandemic the LPR dropped 1%, why is that?
Too much free shit?
Not sure what you mean GEN-Z doesn't have the same workplace, unless you mean they'd rather sit on their porches than work for a living?
The 2020 workforce isn't much different in composition than the 2022 workforce.
Romney is WRONG, as usual.
1. Add up the 2021 and 2022 encounters, throw in some "got-aways" you get about 5m migrants Biden let in and shipped all over the US. You know damn well not many, if any, will be shipped back.Nowhere near 5 million, and most of them will be sent back to their home countries.
The Labor Participation Rate has been in decline since 2011, which is when the first Baby Boomers started retiring.
Um, because people realized that a job where you are encountering people all day for minimum wage just isn't worth doing.
See above. Here's one obvious thing. Used to be that young couples would have one parent work a full time job, and the other parent (usually the female) would work a menial job that barely covered the cost of child care. So a lot of them realized they could economize a bit, not pay the child care costs, and have quality time before they went off to school. Win-win!
Also used to be that parents would make kids work these minimum wage jobs to "teach them responsibility". Except now they realize exposing their kids to TRUMP PLAGUE... or, excuse me, Covid-19 and having them bring it home with them isn't worth it.
Actually, it's very different. Baby boomers are retiring at a pretty good clip and will continue to do so until 2030, which is when the last Baby boomer will hit retirement age.
As much as I despite the Weird Mormon Robot, he has a point. Just not one Racist America wants to hear.
The future of this country is non-white. Where they come from is the question.
Link?
www.cbsnews.com
Nowhere in your link does Powell say unemployment has to rise above 6 percent before he will slow rate hikes.Buckle up, America: The Fed plans to sharply boost unemployment
Fed Chair Jerome Powell says curbing inflation will cause pain. Critics say putting millions out of work is unnecessary.
Romney is a disgusting and corrupt Globalist."Congress can actually help by increasing legal immigration, expanding the number of work visas in sectors that face worker shortages, securing the border, reducing tariffs on our allies, facilitating oil, gas, nuclear and renewable development, and reining in spending."
Mitt Romney Thinks More Work Visas Will Fix Inflation
That's enough talking points from Bain Capital for the day, thanks Mitt.
1. Add up the 2021 and 2022 encounters, throw in some "got-aways" you get about 5m migrants Biden let in and shipped all over the US. You know damn well not many, if any, will be shipped back.
2. The Labor Participation Rate fell during the "Great Recession" under Obama 2011-2015. THEN it picked up during the Trump presidency. Now fell again under Biden. The 2020 workforce isn't any different than the 2022 workforce, is it? So why isn't the LPR back up?
3. So people would rather sit on their parent's porches than work for a living? Got it.
4. Most young couples realize that both need to work to live reasonably comfortably. After FAU-CHI's COVID pandemic, many realize that they can do their job from HOME instead of commuting to work. There is NO excuse for not working, especially if you can work from home, and not run the lawless democrat's subways and city street "kill zones". (news flash, Joe said the pandemic is over)
6. Playing the race card as usual.
Prove your point, that the US needs more non-white menial task laborers.
Like Nancy said, let the 5m new migrants pick crops?
We need a higher Labor Participation Rate, not more low-skill migrants.
www.vox.com
The Reign of Terror Was an Answer to the Reign of the TerribleInflation is "sticky", meaning its not a quick or easy fix.
Romney is an idiot if he thinks cheap labor will reduce inflation.
All it would do is make unemployment worse, and the recession deeper.
If you were one of the workers laid off, you would NOT welcome more cheap labor, would you?
HeirHead guillotine-fodder Rominee never worked at a job his Daddy's Money didn't get him. That includes all his political jobs. There is a significantly unproportionate number of politicians who got where they were from this unAmerican disgrace. Adam Laxalt in Nevada is the latest pre-ordained heiristocrat to make the news. They block our way and must be deprived of all those unearned privileges at age 18. A country run by birth and not worth will not last much longer.
1. NONE of the migrants were sent back. Stop lying.Um, no, you really don't since most of those people were sent back.. The only ones allowed to stay are those who had valid asylum claims. Which pretty much eliminated the Mexicans.
Okay, you see, here's your problem. The Great Recession started under Bush and lasted from Q3 2008 to Q2 2009. And, no, the labor participation rate has fell consistently because - wait for it - the workforce is getting older.
The Labor Participation rate doesn't measure how many people are employed, it measures how many people participate in the workforce. If you are unemployed but looking for work, you count as part of the Labor Participation Rate. It peaked at 69% in the Aughts, and has been on the decline ever since.
It's also pretty obvious you don't know how to read a chart. The slight uptick started in 2015, and then dropped in 2020 during TRUMP PLAGUE and TRUMP RECESSION.
No point in "working for a living" if you can't get a living wage. So let's be analytical about what happened here, a paradigm shift. Before TRUMP PLAGUE, parents didn't make teens work because they need the money, the made them work to "learn responsibility". My parents did, when I got my first job at 16 working for LESS than minimum wage because it was a family restaurant. (This was in 1978). After Trump Plague, people realized that if you send your kid out to work for slave wages for big greedy corporations, they are risking their lives and possibly yours. Better to let them finish college and get jobs with real wages.
Well, that's fucked up, isn't it? Used to be the Dad was the breadwinner and Mom stayed at home and watched the kids... This is the ideal you Wingnuts like to point to without admitting your love of corporate greed destroyed it. Point was, a lot of Moms decided they liked staying home, crunched the family budget numbers, and realized that paying Lupe to watch the kids was less practical than just watching them yourself.
Nope, we really need more unskilled labor. The thing is, unskilled labor is not a zero sum game. They produce as much consumer activity as they take up. You add 5 million more people, that's five million more people who buy housing, food, clothes, etc.
cis.org
www.findlaw.com
1. NONE of the migrants were sent back. Stop lying.
2. You apparently don't know how to read a chart. Look below and see that boomer retirements are very steady from about 2009.
So boomer retirements are NOT the reason the participation rate is dropping.
3. Maybe you're right, its not worth the risk to flip burgers for minimum wage if you need to take public transportation, or cross any of the city street kill zones to get to work. Streets used to be safe, but not any more. Not everyone has the opportunity to go to college.
4. I think we can agree that child care is expensive. We babysat for our daughter's kids.
But unless gram can babysit for free, the economics of moms working may not be worth the risks.
I think baby sitting costs are tax deductible, but there should be more incentives for child care costs.
5. We may be talking past each other on this point. My point is that non-English speaking migrants cannot fill SKILLED LABOR JOBS, such as: sales jobs, jobs that requires training, not college, welders, refrigeration mechanics, car mechanics, equipment operators, etc., STEM jobs. We need more skilled labor, not more migrants.
FROM YOUR LINK:
Home health workers require training, but restaurant workers and hotel workers should be able to use migrants with minimal training.
Maybe you don't know this but the 5m migrants are not allowed to work. They are illegals without green cards. It is illegal to hire them, unless its to pick crops.
1. The Biden admin admitted they let in 1m, excluding got-aways and kids. In reality, its 5m based on CBP data.Your own article admits that only 1MM of the 5MM were allowed to stay pending immigration hearings. A lot of them are sent back after their hearings.
Uh, yeah, they are... and the two charts have nothing to do with each other. It's not how many boomers are retiring that's the issue, it's that there aren't enough Gen Z to replace them.
We have 25,000 homicides a year.
1 million people died of TRUMP PLAGUE.
It's TRUMP PLAGUE that turned these people off minimum jobs.
I don't disagree, but I can see where someone might not like their in-laws, or might want to spend quality time. The point is, TRUMP PLAGUE kind of exposed who the shitty bosses were, and some people were in no hurry to go back if they didn't have to. Hence, labor shortage if your job wasn't terribly fulfilling to start with.
We also need lettuce pickers, cleaning ladies, fast food workers, etc. None of which require a grasp on English, and none of which Americans really want to do, no matter what you pay them.
And good thing most of them were sent home...
1. The Biden admin admitted they let in 1m, excluding got-aways and kids. In reality, its 5m based on CBP data.
2. OK, we disagree on the cause of the reduced participation rate. Retirees are not in the equation, nor are open jobs to fill.
"Labor force participation includes working-age adults who are either working or looking for work."
3. It wasn't a "Trump plague", Trump's "Warp Speed" saved millions of lives. Fau-Chi paid the Wuhan Lab to do "gain-of-function? research on bat viruses, and that was the cause of the Covid pandemic. Covid was funded even though the Obama admin told Fau-Chi to stop GOF research. 25,000 homicides a year? In those lawless democrat run urban plantations.
www.science.org
4. You need to explain why you call Covid a "Trump plague" because he had nothing to do with the Wuhan Lab, duh. Just more LIES.
5. OK, all we need to do is give some of those 5m new migrants work permits to fill low-skill jobs.
Other than the ones who were.6. No migrants were sent home, duh
1. You keep saying that migrants are sent back, but you don't post any links proving it. If I give you partial credit its because of Title-42, they were sent back during the pandemic, but a judge struck that down, so they are NOT being sent back to Mexico.Actually, it's a lot less than that... because a lot of those 5MM are the same people who keep getting caught. So we catch 5 MM, 4 million are sent back. 1 MM are awaiting hearings where they will eventually be sent back. Just not seeing a problem here.
Uh, yeah, now you are getting into crazy conspiracy theories. The consensus of scientists is that Covid-19 (AKA TRUMP PLAGUE) developed in nature and jumped from animals to humans.
Because Trump's criminal incompetence led to a virus that could have been easily contained to a national plague that killed 1 million people.
Works for me.
Other than the ones who were.
nypost.com
Liars' PokerGod, as much as I hate saying this, he's not wrong.
We are facing a worker shortage right now, because baby boomers are retiring faster than Gen Z can replace them. This is a major driver of inflation, as unskilled workers are going for a premium. Complicating that further is that Gen Z doesn't have the same workplace
Title 42 only applied to asylum seekers... regular illegals are still sent back when they are caught.1. You keep saying that migrants are sent back, but you don't post any links proving it. If I give you partial credit its because of Title-42, they were sent back during the pandemic, but a judge struck that down, so they are NOT being sent back to Mexico.
2. Your link says "science", but its a "for profit". It says there is "evidence" but doesn't have any "evidence", there is no animal that links the virus from bats to humans. I call bullshit.
The virus came from bats native to an area 800 miles from Wuhan.
The GOP House WILL investigate the origins of Covid.
3. What Trump criminal incompetence? Was he prosecuted? You're hallucinating. Your TDS got the better of you. Developing a Covid vaccine in 10-months that Fau-Chi said would take 4-years? The only criminal was Fau-Chi who PAID for the GOF research, after being told to stop.
This contradicts the educated snobs' meme that automation will reduce the number of workers needed, which has always been true to the extent that nullifies the need for immigrants, including the anti-American H1Bs. Race traitors are in a conflict with smug Diploma Dumbos who blindly believe that they themselves will never be replaced by automation.
