4 ms·
Wages are rising fastest for low- and middle-income Americans. So they are benefiting from inflationary pressure. And to be quit honest, the elephant in the r
by mywittyname 5y ago
Wages are rising fastest for low- and middle-income Americans. So they are benefiting from inflationary pressure.
And to be quit honest, the elephant in the room that no one wants to address is that low and middle income people leaving their jobs for better ones are a contributor of the inflation we are seeing. The USA built an economy around cheap goods produced through exploitation both abroad and domestically. And these people are finally realizing that they can do better.
The government cut off the inflow of immigrants who would replace these people in dangerous, low paying factory jobs, like meat packing.
- tastyfreeze 5y agoCut off the inflow of immigrants? What do you call the 1.5 million that have illegally crossed the US-Mexico border this year?
- mywittyname 5y agoThat's a pretty big reduction from historical levels. The peak was 7 million people in 2007. In previous years, border detentions alone exceeded 1.5 million people. Those millions of lost immigrants are enough to make a solid dent in the labor shortage we are currently seeing.