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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: onepoorguy 🐝  😊 😞
Number: of 15056 
Subject: Re: WHERE did Dem voters go?
Date: 11/08/2024 12:16 PM
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While appalling, Trump’s threats to round up immigrants plays well for the 70% of the labor market that stands to lose in a world where they have to compete with undocumented labor.

True and false. True, it played well. But, false, the labor market isn't threatened much by cheaper labor anymore. It's automation. I read an article a few years ago that some things are being on-shored again, but in automated factories. Apparently the Bangladeshi worker is more expensive than a machine. Muscle jobs, and repetitive jobs, will continue to be replaced by automation. Skilled jobs, like plumbers and electricians, are probably pretty safe. But if you work in a factory, you days likely are numbered.

About the only thing undocumented labor does is nannies and agriculture, both of which likely will continue regardless of what anyone does.

Though I do agree with A national minimum wage indexed to the poverty level, serious reform of labor laws protecting and expanding collective bargaining, enforcing laws against monopolies, lifting the cap on FICA to extend its solvency and expand benefits, etc.
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