Thursday, August 3, 2023

WHY WALL STREET LOVES OPEN BORDERS - IT'S ALL ABOUT KEEPING WAGES DEPRESSED - Washington, D.C. (August 3, 2023) – Permissive legal and illegal immigration policies have been shown to hurt the working class in America the most.

 Washington, D.C. (August 3, 2023) – Permissive legal and illegal immigration policies have been shown to hurt the working class in America the most.



Does the U.S. Labor Market Really “Need” Immigrants?
Oren Cass discusses immigration through an economic lens
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Washington, D.C. (August 3, 2023) – Permissive legal and illegal immigration policies have been shown to hurt the working class in America the most. Yet, the media and corporate America often repeat the myth that there are certain jobs Americans won’t do, and that the U.S. is experiencing a labor shortage. They conclude, therefore, that we need immigrants to fill these gaps, which are predominantly in less-skilled fields.

On this episode of Parsing Immigration Policy, Oren Cass, executive director of American Compass and author of The Once and Future Worker, joins guest host Steven Camarota, the Center’s director of research, to debunk these myths about the need for immigrants to enter the U.S. labor force. In reality, giving employers access to immigrant labor (both legal and illegal) suppresses wages and removes the incentive for employers to improve working conditions for Americans.

Cass and Camarota discuss the difference in how policymakers and business leaders approach less-skilled labor versus more-skilled, due in large part to an addiction to cheap consumption. Current visa programs benefit consumers and employers with lower prices while hurting the American worker, and Cass notes that very low unemployment rates and rising wages are identified as a problem only when the working class experience them.

Cass argues that our government should take steps to reduce illegal immigration and the best way to do this is to make it costly for employers to employ those not authorized to work. Illegal immigrants compete with the most vulnerable Americans and depress wages. The two experts agree that E-Verify, an internet-based system that allows an employer to determine a new hire’s eligibility to work, is a key tool for influencing employers.

In discussing legal immigration, Cass prefers the number of legal immigrants admitted to our country yearly remain the same, but he contends that the types of legal immigrants we are accepting should change – high-skilled, high-earning immigrants should be emphasized, as they will in turn create better employment opportunities for working-class Americans.

Camarota and Cass close out the podcast with a discussion on the importance of training Americans for these higher-skilled jobs as opposed to expanding the labor supply by importing high-skilled immigrants.


 CUT AND PASTE YOUTUBE LINKS

Robert Kennedy Jr: Power, Corruption, Freedom, & The Chronic Disease Epidemic Within America

 

 https://www.youtube.com/watch?v=oI9Kg2naNfs

 

Robert F. Kennedy Jr. Addresses Border Crisis and Releases ‘Midnight at the Border'

https://www.youtube.com/watch?v=yXlun2EYFvk


Brooks tried to explain why so many millions of Americans suffer from the elitist-run economy of outsourcing, wage-cutting migration, woke language, urban wealth, chaotic transgenderism, and racial favoritism.


Zuckerberg Lobbyist Pressures NYT Columnist Back into the Bubble

Facebook CEO Mark Zuckerberg arrives for the 8th annual Breakthrough Prize awards ceremony at NASA Ames Research Center in Mountain View, California on November 3, 2019. (Photo by JOSH EDELSON / AFP) (Photo by JOSH EDELSON/AFP via Getty Images)
JOSH EDELSON/AFP via Getty Images

New York Times columnist is escaping from the establishment’s bubble, and Facebook CEO Mark Zuckerberg’s D.C. lobbyist is trying to scare him back inside.

“What if We’re the Bad Guys Here?” columnist David Brooks wrote in an August 2 article published seven years after ordinary Americans put Donald Trump into the White House.

Brooks tried to explain why so many millions of Americans suffer from the elitist-run economy of outsourcing, wage-cutting migration, woke language, urban wealth, chaotic transgenderism, and racial favoritism.

Thousands of New Yorkers took to the streets of Manhattan to participate on the Reclaim Pride Coalition’s (RPC) fifth annual Queer Liberation March. (Erik McGregor/LightRocket via Getty Images)

“Members of our class are always publicly speaking out for the marginalized, but somehow we always end up building systems that serve ourselves,” Brooks wrote:

The most important of those systems is the modern meritocracy. We built an entire social order that sorts and excludes people on the basis of the quality that we possess most: academic achievement. Highly educated parents go to elite schools, marry each other, work at high-paying professional jobs and pour enormous resources into our children, who get into the same elite schools, marry each other and pass their exclusive class privileges down from generation to generation.

Armed with all kinds of economic, cultural and political power, we support policies that help ourselves. Free trade makes the products we buy cheaper, and our jobs are unlikely to be moved to China. Open immigration makes our service staff cheaper, but new, less-educated immigrants aren’t likely to put downward pressure on our wages.

Like all elites, we use language and mores as tools to recognize one another and exclude others. Using words like problematic, cisgender, Latinx and intersectional is a sure sign that you’ve got cultural capital coming out of your ears. Meanwhile, members of the less-educated classes have to walk on eggshells, because they never know when we’ve changed the usage rules, so that something that was sayable five years ago now gets you fired.

So the wealthiest elites with Wall Street money are trying to scare Brooks back into the bubble.

“Yeesh,” tweeted Todd Schulte, the president of Mark Zuckerberg’s FWD.us pro-migration lobbying group for coastal investors:

I dont care to engage much with the rest of this piece, but the implication that that “open immigration” is good for rich people but hurts the wages of middle class Americans is completely false. @nytdavidbrooks if you’re interested in correcting this, please reach out.

Schulte will have a hard time persuading Brooks that immigration does not cut wages because Schulte has repeatedly argued that migration does indeed cut wages.

Central American migrants, part of a caravan hoping to reach the U.S. border. (AP Photo/Moises Castillo)

For example, in 2023, Schulte’s FWD.us touted an economic study that argued that migration cuts wages, saying:

When labor is in short supply relative to demand, employers offer higher wages, which are in turn passed on to consumers, leading to rising prices. While these worker shortages have occurred for many reasons, a significant driver is the lower number of immigrants who have entered the U.S. in the past several years.

The presence of an immigrant workforce typically can help local communities mitigate sudden labor shortages, particularly in industries such as construction and hospitality. But, as immigration decreased before and during the pandemic, these jobs remained largely unfilled, leading to extreme labor shortages and rising wages. In other words, inflation rose in part because of a tightening labor market.

But FWD.us is a self-serving advocacy organization, not a disinterested academic center.

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Zuckerberg’s FWD.us network of coastal investors stands to gain from more government-provided cheap laborconsumers, and urban renters. The investor group is backing legislation that would accelerate the inflow of consumers, unskilled workers, and skilled workers into the U.S. economy, where they can help spike the investors’ stock market shares.

The breadth of investors who founded and funded FWD.us was hidden from casual visitors to the group’s website in early 2021. But copies exist at the other sites.

And Schulte’s FWD.us has many friends at the New York Times.

Yet an increasing share of Americans — including some elites — recognize the economic skew imposed by migration.

“This country has prioritized the importation of cheap labor,” Sen. Marco Rubio (R-FL) wrote in his book, titled Decades of Decadence: How Our Spoiled Elites Blew America’s Inheritance of Liberty, Security, and Prosperity.

Sen. Marco Rubio (R-FL) speaks at the Heritage Foundation on March 29, 2022. (Drew Angerer/Getty Images)

“It began, as many of America’s problems do, with the fundamental shift toward a globalized economy,” Rubio wrote:

But not every business could be exported, which meant Wall Street simply figured out how to import cheap labor, much of it [clarification, not all] coming from illegal immigrants. This was a slower, more subtle process. Sure, some politicians made a big deal about “jobs Americans wouldn’t do,” but otherwise the only outcry came from workers who found their wages stalled, benefits cut, and hours slashed until they could be replaced by someone willing to work more hours for less.

More often than not, it is about jobs Wall Street doesn’t want Americans to do because hiring Americans would require higher wages and better working conditions. To them, it is better to import cheap labor and buy off Americans with cash welfare programs provided by the government.

Florida Gov. Ron DeSantis said he wants more productivity, not more migration, in a July 31 economic speech in New Hampshire:

We need a strong and fair labor market. We have to secure our border, we have to stop illegal immigration, we need to end things like chain migration and the diversity visa lottery. We should not have massive amounts of unskilled migration coming into this country. What we want is immigration that benefits the average American. We don’t want to be bringing people in on programs to undercut wages of American citizens.

And so that has got to be our touchstone: what is benefiting the American worker and what is benefiting the wages of the average American.

Watch the video here:

Brooks’s column “is not just a good column, it is a *fantastic* column,” tweeted Seth Mandel, the executive editor of the Washington Examiner Magazine. It is “a column of a quality reached a few times a year by a few writers [and] will be criticized angrily because it shows empathy and elite introspection, which will prove it correct.”

Migration — and especially, labor migration — is unpopular among swing voters.

A 54 percent majority of Americans say Biden is allowing a southern border invasion, according to an August 2022 poll commissioned by the left-of-center National Public Radio (NPR). The 54 percent “invasion” majority included 76 percent of Republicans, 46 percent of independents, and even 40 percent of Democrats.

A July 29-August 1 poll of 1,500 adults by YouGov showed that a 35 percent plurality of Americans believe migration makes America “worse off.”

President Joe Biden on June 15, 2023. (Alex Wong/Getty Images)

Extraction Migration

The federal government has long operated an unpopular economic policy of Extraction Migration. This colonialism-like policy extracts vast amounts of human resources from needy countries, reduces beneficial trade, and uses the imported workers, renters, and consumers to grow Wall Street and the economy.

The migrant inflow has successfully forced down Americans’ wages and also boosted rents and housing prices. The inflow has also pushed many native-born Americans out of careers in a wide variety of business sectors and contributed to the rising death rate of poor Americans.

The lethal policy also sucks jobs and wealth from heartland states by subsidizing coastal investors with a flood of low-wage workers, high-occupancy renters, and government-aided consumers.

The population inflow also reduces the political clout of native-born Americans, because the population replacement allows elites and the establishment to divorce themselves from the needs and interests of ordinary Americans.

In many speeches, border chief Alejandro Mayorkas says he is building a mass migration system to deliver workers to wealthy employers and investors and “equity” to poor foreigners. The nation’s border laws are subordinate to elite opinion about “the values of our country” Mayorkas claims.

WATCH — Mayorkas Refuses to Use Term “Illegal Immigrants”:

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