Who benefits from the massive surge of migrants crossing our southern boarder?

 Obviously, more is involved than just compassion for millions of poor Guatemalans and their children. And while adding future Democratic voters is clearly the long-term aim of those tolerating the invasion, there is one group of immediate beneficiaries whose needs have garnered scant attention: affluent Americans whose comfort depends on armies low-wage, happy-to-please foreign-born workers. The awkward truth is that millions of upscale Americans risk transforming the US into a banana republic in pursuit of creature comforts. Like those wretched masses wading across the Rio Grande, they, too, want a better life.

 

Employers prefer these new arrivals for the simple reason that that they are superior workers. They are more
reliable,
punctual,
dutiful and
anxious to please, and
their salaries reflects economic reality, not a wage dictated by government bureaucrats untroubled by economic reality. Employers are not scraping the bottom of the barrel vis-à-vis home-grown workers. That the newcomers often help support their families back home via remittances further encourages them to be well-behaved employees.

https://www.unz.com/article/open-borders-and-affluent-americans/ 

Ron Unz:

Although those immigration benefits to affluent Americans obviously contribute, I think the biggest current factor is just the enormous ideological and political momentum in support of immigration among Democrats, not least because their arch-fiend Donald Trump had made opposition to immigration one of his biggest political issues.

However, I think over the last couple of decades there was an entirely different hidden factor, namely demographic issues in America’s most influential urban centers:

https://www.unz.com/runz/race-and-crime-in-america/#the-hidden-motive-for-heavy-immigration

The Stagflation Threat Is Real, by  Nouriel Roubini Aug 30, 2021

 

        While these persistent negative supply shocks threaten to reduce potential growth, the continuation of loose monetary and fiscal policies could trigger a de-anchoring of inflation expectations. The resulting wage-price spiral would then usher in a medium-term stagflationary environment worse than the 1970s – when the debt-to-GDP ratios were lower than they are now. That is why the risk of a stagflationary debt crisis will continue to loom over the medium term.  

There is a growing consensus that the US economy’s inflationary pressures and growth challenges are attributable largely to temporary supply bottlenecks that will be alleviated in due course. But there are plenty of reasons to think the optimists will be disappointed.

 

 In fact, there are multiple factors behind this summer’s mini-stagflation. For starters, 

the Delta variant is temporarily 

    boosting production costs, 

    reducing output growth, and 

    constraining labor supply. 

Workers, many of whom are still receiving the enhanced unemployment benefits that will expire in September, are reluctant to return to the workplace, especially now that Delta is raging. And those with children may need to stay at home, owing to school closures and the lack of affordable childcare. 

 On the production side,
Delta is 

    disrupting the reopening of many service sectors and 

    throwing a monkey wrench into global supply chains, ports, and logistics systems. 

Shortages of key inputs such as semiconductors are further hampering production of cars, electronic goods, and other consumer durables, thus boosting inflation. 

 

 

For starters, there is the

     trend toward deglobalization and 

    rising protectionism, 

    the balkanization and reshoring of far-flung supply chains, and 

    the demographic aging of advanced economies and 

    key emerging markets. 

Tighter immigration restrictions are hampering migration from the poorer Global South to the richer North. The Sino-American cold war is just beginning, threatening to fragment the global economy. And climate change is already disrupting agriculture and causing spikes in food prices.  

Moreover, persistent global pandemics will inevitably lead to more national self-reliance and export controls for key goods and materials. Cyber-warfare is increasingly disrupting production, yet remains very costly to control. And the political backlash against income and wealth inequality is driving fiscal and regulatory authorities to implement policies strengthening the power of workers and labor unions, setting the stage for accelerated wage growth.