President Joe Biden is welcoming millions of low-wage immigrants to produce more goods and services, and children, mothers, and seniors to consume goods and services needed by American families. welcomes even larger waves of immigrants.
Center for Immigration Studies (CIS) report On May 13, it was announced that an additional 5.1 million immigrants have immigrated to the United States legally or legally since March 2022.
Although many observers think of immigrants simply as workers, only 46 percent of foreign-born people who arrived after 2022 were employed in the first half of 2024. This is similar to the share of new immigrants hired during past economic expansions.
Like the rest of humanity, many newly arrived immigrants are children, the elderly, the disabled, caregivers, or people who are not able or interested in working.
“Many only think of migrants as workers, but less than half of migrants arriving after 2022 are employed,” CIS reported, adding:
The scale of recent immigration is so large that the Census Bureau’s population projections released last November appear to be outdated.The agency predicted that the foreign-born percentage would not be met. 15.6% Until 2040.
The vast majority of Biden’s legal, illegal, and semi-legal immigrant workers want to work, and in many cases are eager and hardworking.
But Mr. Biden’s policy of inviting immigrants to work in the United States will also reduce pressure on CEOs to pay Americans well. His easy migration also reduces CEOs’ appetite to invest in high-tech workplace productivity that helps Americans earn more per hour of work.
That’s Biden’s one-two punch for ordinary Americans.
But Biden has a third punch. Immigrants and their families also drive up the cost for Americans to consume or buy cars, K-12 school seats, and housing.
MLIve.com in February 2024 report About Brian Dillon’s efforts to replace the used car he bought for $25,000 in 2016. Unfortunately for him, he’s competing for a limited supply of used cars with millions of desperate immigrants who need to get to and from work.
“You used to be able to buy a car, but now you can’t buy a car for that,” says Dillon, a union pipefitter. [in Michigan]I said last week. “Everything is going up (a lot). It seems like it’s coming down a little bit, but not by much.”
By the end of 2023, the average new car sales price in the U.S. will be $48,759, up more than $8,000 from three years ago, according to data from Cox Automotive. In fact, the average transaction price for a new car has increased 27% over the past five years, and is up 46% from 10 years ago, when the average price was $33,396.
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According to Kelley Blue Book, the average listing price for a used car as of December 2023 was $26,446. it is…[32 percent] That’s higher than the sub-$20,000 price tag from fall 2019.
Biden has welcomed the huge numbers of children flooding into K-12 schools, drawing resources and attention from millions of young Americans.For example, in Colorado, the Christian Science Monitor report:
this [migrant] The classes themselves are new, aimed at English learners from kindergarten to third grade. An additional 125 students joined the 212-student school in January, shortly after a nearby migrant shelter opened. Millions of people, most from Venezuela, have been displaced by the political and economic crisis.
“If you have 17 kids in a classroom and the next day you have 35, you’re basically starting all over again,” says Principal Janine Dillabaugh. Beyond her academic support, “we also have to meet their social and emotional needs,” she says.
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The Department of Education outlined $940 million to support English language learners in the President’s proposed fiscal year 2025 budget. (This is an increase of his $50 million from the most recent fiscal year.) The federal government also remembered state The remainder of the pandemic aid will be available to help immigrant students before the funding deadline this fall.
At least the rent is going up 30 percent Because Biden is allowing groups of immigrants who share bunk beds to compete together for the apartments American families need.of new york times We reported from Milwaukee that the number of Americans affected is increasing. pushed The federal government’s determination to lure immigrants with taxpayer-funded housing offers forced them out of American housing.
of [Americans] They arrive in cars full of belongings from the evicted homes, or by buses loaded with belongings. When the weather is too rough to walk, they come on foot from nearby tent encampments, wearing wet socks and torn pants. Outside. They leave their children in their queen-sized beds when they go to work night shifts at Amazon warehouses. Few guests arrive by plane to this airport motel. Most are local residents looking for affordable shelter. Yellow school buses pick up children outside the lobby, and police cars and support workers patrol the parking lot, but most of the real role the motel plays is invisible and improvised by the front desk clerk. .
New York and other cities are turning to private motels to house people, and some charities are turning to short-term stays as capacity at shelters and subsidized housing cannot keep up with the growing homeless crisis. We offer emergency coupons. Vacant hotels and motels have also been temporarily converted into official homeless shelters during the coronavirus pandemic. Most of those programs have since ended.
Whatever the impact on American families, this influx of new taxpayer-funded renters, consumers, and low-wage workers is great for CEOs and investors.$22,000 stock on Wall Street FSHOX Housing Fund For example, in November 2020, it should increase to $42,000 by April 2024.
