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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (6633)	8/4/2001 9:07:25 AM
From: Ilaine	Read Replies (1) of 74559

Interesting story in the Economist about immigration - >>In the long run, the northward march of Mexicans should diminish. The Mexican birth rate has dropped; the population is no longer growing so fast, and fewer youngsters are heading for working age. Mexico's economic prospects are also brighter than they used to be. It remains vastly poorer than the United States, but as the gap diminishes so will the desperation to risk your life for a job up north.<< economist.com What will happen to our economy without cheap illegal labor to exploit? Americans don't like to work hard anymore. We'll wind up like Europe. Eeeek. (That's a joke, DJ.-g-) Roughly $100 billion a year is sent home by immigrants working in the US. So an economic slowdown in the US will hurt other countries in ways we haven't been thinking about. That's an element of US recessions and depressions I don't think I've ever seen documented. People that come here but leave their families were usually in desperate situations - what happens to their families when they lose their jobs? economist.com Now I am starting to understand why fascism seems like a good idea during deflations. The people who weren't quite at the bottom of the ladder start looking down and seeing that the jobs they are going to have to compete for are being done by recent immigrants. So they want to throw the immigrants out. Then they get mad at the capitalists because the jobs are shitty and backbreaking and don't pay much. They have to work twice as hard for half as much money.

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