OccamsRazer@lemmy.world 2 days ago
Once we stopped needing cheap labor to build the railroads and mine ore and occupy native lands and farm crops and roof houses and paint walls and run the cash register at the gas station. Actually we still need immigrants for some of that in order to sustain the level of growth required to fund our retirement plans and do the jobs that we would rather not do for wages that we would rather not work for. It looks like Republicans are hoping to fuel that growth internally through reproduction among existing citizens (under the theory that kids will work for lower wages), while the democrats want to rely on immigrants. That’s my theory anyway.
gandalf_der_12te@discuss.tchncs.de 1 day ago
The interesting thing is that the US economy (in fact, even the economy worldwide) is probably gonna face a steep decline in demand of human labor in the next few decades.
The reasons include the limits to growth (i.e. the economy can’t grow anymore due to natural constraints, but growth is what causes the majority of demand for human labor) and automation and AI.
Having a higher number of people in the country when there’s a low demand for human labor (a.k.a. few jobs) means higher unemployment numbers, and that in turn is more expensive for the country, because the people still need resources so the country has to pay out unemployment money if it wants to avoid revolts. Now, companies face higher taxation, and everyone is worse off. If people make fewer children today and there’s less immigration, both companies and citizens will be better off in 20 years from now, because they face lower unemployment rates. This insight is relatively new (because until now, supply of human labor was the constraining factor for economic growth), but interesting.