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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (316475)	12/19/2006 3:11:49 PM
From: 10K a day	Respond to of 1591337

I think immigration is hugely tied to housing and soaking up the money supply that the FED prints. (at least in N. California) I think it's the WILD card. When you have 4-5 immigrants or 7-8 Indians going together (pooling) and buying a 5-7 bedroom house. I could show you any number of people who did just that. Now they are living off public assistance and paying the rent with the 1200-2000 per month they get. Who else is going to buy the Toxic Mortgages that has kept the housing market alive the last 2-3 years. Just wait until those mortgages reset.

To: tejek who wrote (316475)	12/19/2006 3:23:06 PM
From: combjelly	Respond to of 1591337

"Certain industries rely heavily on illegal immigration: garment making, furniture making, meat packing, food processing to name a few." In many of these industries, they don't hire illegals directly. They contract out large parts of their business, and the contracts go to the lowest bidder. Increasingly, this is how illegals are being hired. So Fortune 500 companies might not be hiring illegals directly, but they contract out a lot of stuff to contractors who do. That happened in New Orleans. The companies were exempt from having to prove citizenship of their employees so a lot of illegals were brought directly from Central America and Mexico to do the actual cleanup. It isn't like there is a shortage of workers in Louisiana who were willing and able to work, it is just that the contractors could make more money by bringing in illegals and often not paying them. Sometimes not at all and other times not the agreed upon wages. So the many no-bid contracts, often for well above what is usually charged for that type of work, but also had very low, if any labor costs. At least that is how it was until mid-year this year. Haven't heard much since.

To: tejek who wrote (316475)	12/20/2006 1:29:08 AM
From: Elroy	Read Replies (1) \| Respond to of 1591337

Certain industries rely heavily on illegal immigration: garment making, furniture making, meat packing, food processing to name a few. Yeah, but as far as anyone knows these industries are NOT making record profits. Garment makers in the US can barely survive, much less suffer pay increases. And the one meat packer we looked at (Swift) had net margins of 1.5% in their best quarter ever. There isn't a lot of extra cash slushing around the industries where illegal workers are common, excluding prostitution, of course.