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It's so funny, because it means it will raise wages. I will never understand why these people wont just be honest. Economists will go to whatever lengths necessary to avoid making a class analysis.
increased wages leads to inflation, according to the rules of capitalist profit accumulation. Its what happened during covid, when so many people died the "surplus population" that keeps wage growth stagnant was depleted by a meaningful degree. Wages went up, then inflation followed. And we saw that most of that inflation was just companies raising prices so they could make more money.
Obviously the mass deportation of workers is an act of class war, and should be fought against. But it will increase profits for his buddies in the short term, and buy him some political clout among his base in the shorter term. The problem is, who will do those agri jobs which rely on hyper exploited labor, and why? It is going to cause mayhem for masses of workers.
But also, that is the point. He wants to crash our economy on purpose. The endgame is to force an asset bubble onto China and the EU, through a long painful global recession.
So the problem isn't Trump, he is a symptom, an accelerant. As always, the problem is capitalism which dominates every part of our lives.
Look up "reserve army of labor", called "surplus population" by mainstream economists, and the stupidly named "Mara-Lago accords."
I'm not so sure... Crops are going unpicked and that isn't being solved with increased wages. If Trump does his plan allow farms to treat the remainder workers as serfs we get the worse of both worlds: not enough labor to stabilize food prices and an enslaved work force.
I also have an inkling in that direction too, and I'm just not an economist. But when he says deporting immigrants will raise inflation, he is saying it will raise wages based on these same mechanics
Sooo you are saying the guy that's pulling the trigger isn't to blame? gtfo
Go ahead and blame him, fuck this guy. I want to see him Moussolini'd. But getting rid of him won't fix the problems. Most of his regressive reforms will stay in place, and continue to worsen, if only at a slower pace.
Maybe try not to assume the dumbest possible interpretation of what someone is saying? Or whatever, idrc