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Tuesday, January 28, 2025

On Fecundity And Family - Karl Denninger

 Read full text: https://market-ticker.org/akcs-www?post=252733

 
The same is true for the "more-ordinary" folks.  Americans used to be some of the best and most-productive people in construction.  The 1920s, 30, and 60s home was not built by illegal immigrants.  It was built by Americans -- but they cost more because they are not going to be satisfied living 10 to a one-bedroom place.

Problem: If you import cheaper labor because those people have lower expectations they increase demand for goods and services and that drives up the price, which screws the American citizen twice; first by depressing wages and then again by increasing prices.  The basic law of economic supply and demand is not a suggestion.

The concern is not about "the climate"; that's twisted nonsense.  It is about tens of millions of young adults who live in a higher-cost society being displaced by those brought in from a lower-cost and lower-standard of living society, importing not just the humans but their standard of living as well which is done specifically because corporate America finds those people to be cheaper for a unit of labor.  Whether said person is an illegal immigrant roofing houses or a programmer from India who came from a society where they literally do not have flush toilets in 3/4 of their homes the issue and outcome is the same.

If you allow "chain migration" with any of these people you make it 100x worse because they bring more of the folks who do not have our cultural expectations and values in a multiplicative fashion.  Then on top of it you hand all of them various forms of subsidy such as "free" health care, housing assistance, EBT cards and they scam on their taxes as well which the rest of us are expected to pay as the law demands, never mind stuffing our schools full of non-English speaking persons and demand they get the "same" education AT NO COST which destroys the capacity of the English-speaking kid to advance as he or she otherwise would.