The deportation economy is backfiring on American workers, top economist warns

https://fortune.com/2026/08/07/deportation-economy-july-jobs-report-immigrants-ice-raids/

108 points · 6 comments · view on lemmy.world

6 Comments

ZC3rr0r@piefed.ca · 36 pts · 42d (1 reply)

Yeah, that's petty much what every credible economist said would happen after reading the Trump campaign's economic plans last election.

Truly shocking stuff to see experts in their field being right about something.

TankovayaDiviziya@lemmy.world · 15 pts · 42d

Warren Buffet sold shares, built up his company's biggest cash reserve in its history and bought 5% of US Treasuries, all before and after Trump won. Plenty knew Trump is bad news.

Itdidnttrickledown@lemmy.world · 34 pts · 42d

No shit.

decolo@piefed.social · 33 pts · 42d

Backfiring implies it was intended to help them in the first place. It is working exactly as Stephen Miller intended, I'd say.

fyzzlefry@retrolemmy.com · 7 pts · 41d

You mean uneducated and entitled white people can't fill in the labor gaps? I'm shocked.

CharlesDarwin@lemmy.world · 3 pts · 41d

Well, gee whiz, who could have imagined?