Latinos Good or Bad for the Economy?
March 31, 2006
Did you hear that noise? It is another hospital closing.
As Mexican President Vicente Fox is defending earlier comments where he insisted that the U.S. will soon be “begging” Mexico to send workers to alleviate a coming U.S. labor shortage.
“I dare say that in 10 years, the U.S. will be begging, will be pleading with Mexico to send it workers,” said Fox, who meets with President Bush in Cancun today to discuss what he calls the “migration” problem.
Latinos Plan Nationwide Worker Strike
Meanwhile, Hispanic groups in the U.S. are planning a major boycott of American life dubbed a â€day without Latinos†to protest proposed legislation that would criminalize illegal immigration.
Besides being a real stupid move if they did walkout (kind of kills the idea of cheap convenient labor doesnt it?), the idea looms that if we lose these cheap laborers it will kill the economy.
The fact is it already is killing the economy and not for the reasons that our misinformed, wanna be social econmists on the Left would have you believe.
It isn’t because it is dragging down wages. A job is what a willing employer is willing to pay, and what a laborer is willing to receive. That is called a free market.
However, the challenge is that it is not a market operating so freely.
If the immigrant workers paid taxes, and, Social Security, etc. And if they took their wage and put the money back into the economy, then we would have healthy money circulating from this employment.
Instead, any money that might be spent to buy luxury goods or services goes back to Mexico as a kind of sideways Welfare system for poor Mexican family members. Thus, boosting the Mexican economy, not ours.
And while they are floating their families boat, we are floating their boat, by letting them use our Public services that we finance by paying into the system.
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