Is This Really True?

Is this really true? If we believe numbers don't lie, it's hard to deny what they say, right?

But first, let's be clear: This isn't about being "anti-immigrant." After all, many of us, including our family, came to the U.S. from another country. Of course, they were legal immigrants. And much of what gets splashed in the media is really concerning illegal immigrants - though you hardly hear that term "illegal."

But let's set that aside for now and just look at these graphs. They encompass both legal and illegal immigrants. 

Which brings up another point: Immigrants in sufficient numbers can displace folks who've lived here all their lives from sufficient employment.

Now, are there folks who simply glom off government aid rather than work? It would seem such folks exist. And perhaps it's not so much that immigrants prevent them from working as it is that immigrants fill the jobs that result from too few folks being willing to do them.

In any case, it's complicated.

Nevertheless, we were rather taken aback when we came across these graphs. They are self-explanatory.And note the source of this data.

 

A record 1.2 million foreign-born (read immigrants, both legal and illegal but mostly illegal) workers added in February!

Said otherwise, not only has all job creation in the past 6 years has been exclusively for foreign-born workers...

Source: St Louis Fed FRED Native Born and Foreign Born

... but there has been zero job-creation for native born workers since June 2018!

(Complete article HERE.)

 

One has to wonder: Do such numbers indicate a healthy robust economic environment for many Americans (not recent immigrants)? If not, what exactly has been so healthy and robust about the economy?

And if the economy is not all that healthy and robust, what exactly has the stock market been responding to in its ride to the moon lately? OK, so there's a big weighing of certain tech and/or AI related stocks that have dragged the averages up. But there's also been an increasing number of other stocks joining the party as well. 

Has the source of all this been a form of mania, generated by a false belief in a robust economy combined with a somewhat illusory view of the miraculous impact of AI - that it will super-charge all economic activity and bring on a golden age of innovation and...well, you get the point.

The future will tell us the answer.

For now, we simply must acknowledge the real impact the immigration population has had and likely will be having on us all.

Make sense?


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