> It absolutely kills me that the Democrats haven’t brought up immigration as a way to tackle inflation. What we need is wage inflation to readjust prices and

> It absolutely kills me that the Democrats haven’t brought up immigration as a way to tackle inflation. What we need is wage inflation to readjust prices and you're talking about how to continue to keep wages suppressed, which would not help the people who have fallen out of the middle class. Immigration isn't going to decrease the prices of housing, except for providing cheap labor, which is just exploitation. I actually agree with more permissive immigration standards (because ultimately I believe in a world without borders and free movement of people that we need to get to eventually), but you're trying to cheap immigrant labor as a club against the working class to keep prices down. That is an upper class concern. At this point wages must rise so that people can afford things again, or else the massive decades-long asset bubble really needs to fall. And its possible that we do have a worker shortage now caused by the effects of the pandemic which are going to allow workers to have bargaining power. That kind of inflation is what we desperately need, and trying to prevent it via importing cheap labor is an argument that the elite would make. And this is likely to be an actually extraordinarily unpopular opinion on this forum. Everyone is terrified of inflation and is about to explain to me why a wage-price spiral would be terrible for everyone and hurt the working class (but as long as wage inflation outpaces commodities inflation and asset bubbles in housing that is good in the long run for the working person, while all other roads are just terrible pain for workers short term and long term). That's why I think the central bank will throw the brakes on hard at some point and pop the asset bubble and create a truly massive economic crash (unless other policy measures suffice to get wage inflation back under control again, like dramatically increased immigration).