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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: MulhollandDrive who wrote (48993)	3/30/2006 2:41:30 PM
From: patron_anejo_por_favor	Read Replies (3) of 116555

>>if it weren't for the 'mexkins' willing to do labor intensive low pay jobs for "the man", eventually our technology would find a way to eliminate the job entirely with some sort of mexibot strawberry picking machine<< That's the point....without the cheap imported labor supply, the price of the finished good goes up, the cost of labor goes up, or other solutions are found (ie, the Mexibot). Immigration should be balanced by allowing quotas to be filled based on needed skills, with possibly an allotment for unskilled if the need can't be filled by raising salaries. Certainly the current system of unrestrained illegal immigration is detrimental from a security and economic standpoint. Illegal immigration most hurts native born Americans at the bottom of the ladder who would otherwise be in those positions if only the wages weren't continually being undercut by an endless supply of labor. Labor arbitrage overseas is one thing, but labor arbitrage within our own borders is quite another...

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