Every government has the right and responsibility to determine the immigration levels for the country. Over the past number of years, some countries have closed their borders while others have open borders, ideally it is somewhere between.
In an article by Nicolas Riccardi of the Associated Press, economists believe because former President Trump tried his best to lower immigration, the country is waking up to a labor storage partly fueled by the shutdown during COVID. Another factor is the Baby Boom (those born between 1950 and 1965) generation is retiring and there are millions of them. The Baby Boom generation was the last generation where the average household had greater than 7 people. Now days the average is 4 or 3.
Giovanni Peri, an economist at University of California at Davis said the 2 million missing people then it would normally have and they are missing are helping to cause prices and wages to increase.
Steve Camarota, a researcher at The Center for Immigration Studies believes wages going up is good for the poor, and I think mathematically it is not possible to drive down inflation by limiting wages at the bottom.
The areas most affected are home building, hospitality and agriculture. In agriculture, many farmers believe those born in the US will not work in the fields at any wage.
Linking to dividend paying stocks, government policies have an affect on many business and whether you and others like them or not, they do have an affect on some aspect of the business. When demand is high and profits can be made with people, owners tend to look at mechanization of any and all rolls. For your investments what type of policies do you need to allow the long term value to go up? is either party helping you?
There are more questions than answers, till the next time – to raising questions.