Immigrants, not voting Americans and their children, are what make us this way. [economically] We’re strong,” President Joe Biden said on May 1 at a fundraiser for pro-immigration groups at the elite Mayflower Hotel in Washington, D.C.
Biden’s statement is not about increasing U.S. exports to developing countries or increasing investments in workplace automation and innovation to improve Americans’ most important productivity, but about increasing the productivity of Americans through extractive immigration. The focus is on his policies to inflate the economy.
“One of the reasons our economy is growing is because of you and so many others. Why? Because, as Reporter Poole reports, Mr. Biden welcomes immigrants. He continued:
Why has China stalled so much economically? Why is Japan in trouble? Why Russia? Why India? Because they are xenophobic. They don’t want immigrants! …Immigration is what makes us stronger. no kidding. This is not an exaggeration. Because there is an influx of workers who want to be here and contribute.
Establishment media downplayed Biden’s economic strategy and instead portrayed his comments during the period as a diplomatic blunder.Asian American, Native Hawaiian, and Pacific Islander Heritage Month”
Biden is partly right about economics. Just as ice cream expands waistlines, immigrants do expand a country’s economy and tax revenue because they serve as consumers, renters, workers, and customers for government agencies.
But Biden’s immigration rush will also drive up inflation, home prices and interest rates. Worse, CEOs’ willingness to pay for significant growth in automation and productivity that allows voters to earn more pay for doing more work every day will dwindle.
May 2, Reuters report “Productivity growth for U.S. workers slowed sharply in the first quarter, resulting in higher labor costs, but productivity trends remained strong.”
Labor productivity increased by a cumulative 0.6% over the past 14 quarters. That’s a really poor annualized rate of less than 0.2%… pic.twitter.com/LVA9EB9g7X
— Dr. EJ Antoni (@RealEJAntoni) May 2, 2024
transition lobby Put aside productivity issues Because they want lower-skilled, less productive consumers, renters, and workers.
Overall productivity is about 1% below CBO’s pre-pandemic projections.
(The fact that output is slightly higher than CBO’s pre-pandemic forecast is due to stronger-than-expected labor inflows, particularly through immigration.) pic.twitter.com/xfIt8Lq7X1
— Jason Furman (@jasonfurman) May 2, 2024
Biden’s pro-immigration policies therefore come at a time when Wall Street profits from cheap labor, while ordinary American voters find their sluggish wages eaten up by inflation and housing costs in an election year where they save and save. The polls were a huge failure.
The situation is similar in the UK, where the country’s Conservative Party has welcomed a large influx of immigrants, causing wages to fall, housing costs to soar and productivity growth to stall, leading to an electoral crisis by January 2025. There is a possibility of total extinction.
The same is true in Canada, where investor-backed Prime Minister Justin Trudeau faces defeat in the October 2025 election. That’s because while mass immigration lowers wages and productivity, it also significantly increases housing prices and lowers birthrates.
Ireland’s main political parties could also be defeated in 2025 after now-resigned Prime Minister Leo Varadkar dramatically increased immigration numbers. Varadhakar’s father was born in India.
Biden also criticized Japan for its recent decision to start importing workers. “On a per capita basis, Japan’s economic growth trajectory is actually not that bad,” said Ulrich Volz, a professor of economics at SOAS, University of London. Said by email to washington post.
In contrast, China’s authoritarian regime adopted the economic strategy used by generations of U.S. governments from 1925 to approximately 1990.
Previous U.S. strategies emphasized education, science, productivity, and automation, and despite fighting and winning during World War II and the Cold War, generations of Americans significantly increased production. This enabled them to expand their exports and share their vast wealth through wages and stock prices. war.
But this strategy of fewer immigrants and higher productivity was abandoned in 1990 by Republicans and Democrats who allowed investors to move American manufacturing to China. Politicians have also chosen to inflate the country’s consumer economy by doubling the extraction of consumers, renters, and workers from developing countries.
China’s authoritarian regime took advantage of this American shift to import American expertise and capital to help build its own high-tech factory network under the regime’s watch. widespread poverty:
for example, new york times report In August 2023, he said of how China is trying to grow its auto industry without immigration:
China, especially the electric vehicle industry, is looking to leverage automation to address a shortage of motivated talent. According to the International Federation of Robotics, Chinese companies deployed more industrial robots in 2022 than the rest of the world combined. It outperformed its biggest manufacturing rivals, Japan, the United States, South Korea and Germany.
Nio plans to replace half of its management positions with artificial intelligence and one-third of its factory workers with robots by 2027, said Mr. Gee, the company’s vice president of manufacturing. One of Nio’s factories manufactures 300,000 EV motors a year and has just 30 employees.
“All of these companies are having trouble finding blue-collar labor,” said Zhou Linlin, chief executive officer of Principle Capital, a Shanghai-based investment firm that owns stakes in dozens of factories in China. “That’s why every company is looking for automation and robotics solutions.”
In contrast, Fortune 500 companies in the United States protect their value on Wall Street by importing immigrants for white-collar jobs and employment in the United States. Export job white collar workers in developing countries.
Biden’s May 1 comments on China were echoed in his April 16 campaign speech in Scranton, Pennsylvania, when he said, “They’re xenophobic, nobody else is coming. They’re not trying to solve the real problem. This is consistent with what he declared.
Extract migration
Since at least 1990, the federal government has relied on extractive migration to grow the consumer economy after helping investors move high-wage manufacturing jobs to low-wage countries.
Immigration policies rob poor countries of vast human resources.Additional workers, consumers and renters boost stock prices By lowering American wages, subsidizing less productive businesses, raising rents, and inflating real estate prices.
This economic policy deprived many mainland-born Americans of careers in a variety of business fields, reduced American productivity and political influence, slowed high-tech innovation, reduced trade, and Society has become inconvenient. solidarity of citizensAnd he encouraged government officials and progressives to ignore the policy. increased mortality rate of got thrown away, low status American.
The policy also siphons jobs and wealth from core states by subsidizing coastal investors and government agencies with large numbers of low-wage workers, high occupancy renters, and government-supported consumers. ing. Similar policies are hurting the people and economies of Canada and the United Kingdom.
Policies like colonialism harmed small countries and killed hundreds of Americans and thousands of immigrants. Taxpayer-funded jungle trail Passing through the Darién Canyon in Panama.
