Cheap migrant labor is the cause of subsiding inflation numbers - while also depressing the wages of American workers.
While inflation ticked up slightly in December, the overall trend has shown prices falling - for the most part - as the demand for labor is easing and wages fall.
According to Yahoo Finance, foreign-born labor numbers by December of 2023 were nearly 10 percent higher than they were pre-coronavirus pandemic - with 20 percent of the U.S. labor force being comprised of immigrant workers.
While Yahoo points to the immigrant labor increases as a reason for subsiding inflation, the increase in foreign workers has also driven down the wages of American workers - arguably decreasing their quality of life.
Email address In addition, the increase in foreign labor could also have contributed to December's elevated inflation numbers.
The influx of immigrants also means an increase in consumers.
Financial industry experts, cited by Yahoo Finance, argue the increase in immigrant labor helps the U.S. avoid a theoretical 'wage-price spiral.
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