Labor Shortage Will Depress the Economy
The article doesn’t even mention the word “immigration.” (Well, not by name.) But read it and you will get a picture of what things might be like once the government follows through on this immigration crackdown thing. There has been a big debate on the concept of “jobs Americans won’t do,” but up to now it’s been pretty theoretical. Well, from now on, it won’t be.
Rudy quoted the following in the AP article:
John Francis, who owns the McDonald’s in Sidney, Mont., said he tried advertising in the local newspaper and even offered up to $10 an hour to compete with higher-paying oil field jobs. Yet the only calls were from other business owners upset they would have to raise wages, too. Of course, Francis’ current employees also wanted a pay hike.
“I don’t know what the answer is,” Francis said. “There’s just nobody around that wants to work.”
The final paragraph in the article was worth paying noting:
"The hardest thing is to keep the economy growing at a strong rate when you have a low unemployment rate," he said. "Take a company that wants to expand. Where is the next worker going to come from?"
The fact remains that if our country continues to experience the labor shortage we are experiencing, the economy is going to slow down and prices are going to go way up. It's basic economics! And while many middle class and affluent Americans might look at their check books right now, and say "I'm ok with that...I can pay higher prices" the fact remains that millions will be negatively affected by an economic slowdown.
Feel free to leave your ideas, suggestions or thoughts in the comments. What solution do you think America should pursue? What would you suggest Congress, the Senate and the future President should pursue?