President-elect Donald Trump has promised to increase the pace of U.S. military shipbuilding. But his pledge to also clamp down on immigration could make it hard for shipyards already facing workforce shortages.
Mass deportation is obviously problematic for many reasons, but negatively impacting the profit margins of the Military Industrial Complex isn’t one of them.
Increasing salaries of American workers by making labor scarce is the purpose of restrictive immigration policy.
The “implosion” of oligarchs profit margins isn’t something any of us need to worry about. Over the short term, the vast majority of us will benefit from it - like 90% of the population stands to gain, 10% will break even, and the billionaires will see their income reduced.
In the long run, putting more disposable income into the hands of working Americans will be a driver of economic growth.
You are sadly mistaken that the fallout will harm the wealthy. They aren’t going to throw up their hands in despair, they’ll just further attack worker and consumer protections, salaries, benefits, retirement funds and all the rest. I don’t know what planet you live on where the oligarchy just go ahead and hand out money to the masses because their exploited labor force got deported. They just find new bodies and exploit even harder when they’ve already made it a mission to crush the middle class.
The “implosion” of oligarchs profit margins isn’t something any of us need to worry about. Over the short term, the vast majority of us will benefit from it - like 90% of the population stands to gain, 10% will break even, and the billionaires will see their income reduced.
What happened in 1929 was a result of low wages and high unemployment pulling the rug out from under the economy, and therefore it suggests that policy that leads to higher wages and lower unemployment is needed to prevent a repeat.
And the cost of living was simultaneously driven up by an idiotic tariff policy that caused a collapse in global trade. Which directly led to less demand for labor, hence the low wages, hence the high unemployment.
negatively impacting the profit margins of the Military Industrial Complex isn’t one of them
Increasing salaries of American workers by making labor scarce is the purpose of restrictive immigration policy
Increased salaries directly cut into profits. or drive prices up. Either way, the military-industrial complex will feel the pinch. And reducing the supply of labor only drives up wages when there are other people willing to do the job. While I’d like to see hundreds of thousands of MAGA whack-jobs picking lettuce in Salinas, it’s not going to happen.
Mass deportation is obviously problematic for many reasons, but negatively impacting the profit margins of the Military Industrial Complex isn’t one of them.
Increasing salaries of American workers by making labor scarce is the purpose of restrictive immigration policy.
But it’s just another way things will implode economically.
The “implosion” of oligarchs profit margins isn’t something any of us need to worry about. Over the short term, the vast majority of us will benefit from it - like 90% of the population stands to gain, 10% will break even, and the billionaires will see their income reduced.
In the long run, putting more disposable income into the hands of working Americans will be a driver of economic growth.
Implosion of oligarchs?
You are sadly mistaken that the fallout will harm the wealthy. They aren’t going to throw up their hands in despair, they’ll just further attack worker and consumer protections, salaries, benefits, retirement funds and all the rest. I don’t know what planet you live on where the oligarchy just go ahead and hand out money to the masses because their exploited labor force got deported. They just find new bodies and exploit even harder when they’ve already made it a mission to crush the middle class.
Yeah, its not credible to claim that large, profitable enterprises will “implode” if the supply and demand curve shifts slightly.
At the most cynical level, businesses that depend on cheap labor from undocumented immigrants will get squeezed as their labor costs increase.
America’s Military Industrial Complex isn’t going to fail if market forces require they offer more money to secure a sufficient supply of labor.
When I think of implosion and oligarchs, the image of a submarine springs to mind.
Too bad none of Trump’s policies will do that.
I’d say what happened in 1929 suggests otherwise.
What happened in 1929 was a result of low wages and high unemployment pulling the rug out from under the economy, and therefore it suggests that policy that leads to higher wages and lower unemployment is needed to prevent a repeat.
Sure, that stock market crash that destroyed a whole lot of wealth had nothing to do with it. Nothing at all.
It crashed because people were broke.
People were broke because it crashed.
That is simply false.
🙄
And the cost of living was simultaneously driven up by an idiotic tariff policy that caused a collapse in global trade. Which directly led to less demand for labor, hence the low wages, hence the high unemployment.
Increased salaries directly cut into profits. or drive prices up. Either way, the military-industrial complex will feel the pinch. And reducing the supply of labor only drives up wages when there are other people willing to do the job. While I’d like to see hundreds of thousands of MAGA whack-jobs picking lettuce in Salinas, it’s not going to happen.