This
article highlights the negative aspects of having a strong current economy and
labor market. Working class immigrant communities are those suffering now, as
the market for low paid service workers is dwindling, as wages are being raised
and benefits are growing at large corporations. Small scale immigrant run businesses
cannot keep up with those businesses and do not have the financial capital to
pay entry level workers greater than $10 a hour, now having to close their doors
without employees. Additionally, this growing economy will increase land
values, combined that with low housing inventories nationally and redevelopment
will now be occurring in immigrant neighborhoods, causing gentrification and
pushing immigrants out of their homes. Many Americans are thriving in this
economy while U.S immigration is being negatively impacted because of it- what
could be a possible solution to help support our entire labor market? Immigrants have been the backbone of it for so long.
https://www.bloomberg.com/view/articles/2018-02-21/a-strong-u-s-economy-can-be-tough-on-immigrants
5 comments:
I agree, it's sad to see immigrants struggle when they contribute so much to the social and economic aspect of our society. And it's ironic that immigrant run businesses are struggling when some of the biggest businesses today were started by immigrants or children on immigrants. Like the creation of Apple, Steve Jobs' father was a Syrian refugee. And Google, whose cofounder was born in Moscow. Immigrants also expand the economy and take the jobs no one wants, yet they are not often considered when economic decision making takes place.
I totally agree with Hannah's comment. What seems to be getting the most attention is the true reality that an inflow of new, able-bodied workers generally means an increase in the labor supply, though immigration patterns affect industries differently. And that can certainly have an impact on the wages of some workers. But there’s another piece to this that is often overlooked—and that’s the increased demand for services by immigrants owned businesses.
I agree with the above comments, but I don't see any change in sight. I don't think that government will do anything to fix the situation because they will allow the less efficient businesses to fail.
The main factor that is perhaps being ignored is the amount of benefits that can be reaped if the immigrants are looked at as resources and the huge positive change that can be brought. However, it seems so that the strong economy will only be further harmful for the immigrants even though it may be the case that the the benefits they do bring in may outweigh the other factors, such as "stealing jobs".
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