What would the solution be?
Occupations where companies have struggled to find domestic labor are worried about how President-elect Donald Trump’s deportation plan will affect their workforces, CNBC reports.
Foreign-born workers have been taking open positions in industries including construction, agriculture, technology and healthcare. Now, leaders and advocacy groups are worried that hiring companies will face difficulties if Trump’s massive immigration deportation plan comes to life.
“American companies are going to feel the strain on labor costs, and we’re going to be—depending on the skill level of the individual you are talking about—we’re going to be losing the fight for labor,” Jennie Murray, CEO of the National Immigration Forum, said.
“The consequences of a more extreme mass deportation policy would be economically disruptive in unpredictable ways and are not modeled here,” the writers observed.
Study author and senior fellow at the institution’s Hamilton Project, Wendy Edelberg, said it will be more expensive for companies in certain sectors to provide goods and services since there will be eye-opening reductions in labor supply, which will lead to higher inflation. In other cases, inflation will ease.
“If we’re talking about what we might see in aggregate for inflation, we have to think about …another side of the ledger, which is we’re going to have less demand for goods and services because immigrants are going to not be here,” Edelberg said.
“And moreover, the immigrants who stay, particularly the recent immigrants who stay, my assessment is that they’re going to pull back on their spending, as, you know, they’re trying to figure out what their future holds.”
However, the incoming Trump administration is standing down on their promise to execute “the largest deportation operation” in U.S. history while “simultaneously lowering costs for families and strengthening our workforce.”
“The American people re-elected President Trump by a resounding margin, giving him a mandate to implement the promises he made on the campaign trail, like deporting migrant criminals and restoring our economic greatness,” Trump-Vance transition spokeswoman Karoline Leavitt said in a statement. “He will deliver.”
A number of Republican-led states are on standby to help Trump facilitate his deportation plan.
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Source: Black Enterprise
