Monday, May 01, 2006

Immigrants Flex Financial Muscles

I guess the "Day with No Immigrants" did hurt some parts of the US economy. So all those calls for rounding up all the immigrants and kicking them out will hurt more then help.

"If illegal immigration came to a standstill, it would disrupt the economy," said Mark Zandi, chief economist at Moody's Economy.com. "It would lead to higher prices for many goods and services, and some things literally would not get done. It would be a major adjustment for our economy, for sure."

Which is 100% true since some companies will not be able to replenish their workforce at all. Seasonal workers, construction, landscaping, and meat packing will be scrambling to hire more workers from an already tight labor market. You would see more expensive meat, fruits, and vegetables almost immediately as well. I still don't understand how people want to take jobs away from people that actually want to work. These aren't the "lazy Mexican" stereotypes here but productive workers.

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