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(National File) -Cheap migrant labor is the cause of subsiding inflation numbers — while also depressing the wages of American workers. While inflation ticked up slightly in December, the overall trend has shown prices falling — for the most part — as the demand for labor is easing and wages fall.
According to Yahoo Finance, foreign-born labor numbers by December of 2023 were nearly 10 percent higher than they were pre-coronavirus pandemic — with 20 percent of the U.S. labor force being comprised of immigrant workers. While Yahoo points to the immigrant labor increases as a reason for subsiding inflation, the increase in foreign workers has also driven down the wages of American workers — arguably decreasing their quality of life….
Read the Rest: YAHOO: Inflation ‘Cooling’ Thanks to Cheap Migrant Labor Depressing Your Wages.