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Tuesday, August 28, 2007

The Upcoming "Fine, Deport, and Detain" Recession

Call it the Malkin "Shamnesty" Contraction.

Maybe a new documentary, "Roger and Me" (that'd be Roger Ailes ...).

Smart folks have put right wing talk radio ahead of both that crew and Lou Dobbs for moving opinion fairly significantly against immigration (all of whom appallingly dipped into the 'immigrant disease' bin, noted here, earlier).

The GOP's failure on Comprehensive Immigration Reform may well come to roost in the upcoming months. (It's chilly out there, there, there, and the stresses from a permanent underclass there and there).

The headline says, "NABE: Bad Credit Biggest Risk to Economy". Maybe. But, somehow they aren't so good at seeing the larger trends in peril.

LABOR FORCE GROWTH IS CRITICAL TO ECONOMIC GROWTH

The Bureau of Labor Statistics (BLS) assumes that the U.S. Gross Domestic Product (GDP) will increase by 3 percent a year between 2002 and 2012. The rising economic output necessary to sustain this level of GDP growth can come from increases in 1) productivity growth, 2), labor force participation or 3) labor force growth. In light of the current flattening or decline of labor force participation rates and productivity growth rates, labor force growth will play a particularly critical role in maintaining GDP growth.

...

Labor Force Growth: Labor force growth is the product of two factors: labor force participation and population increase. Given that labor force participation rates in the United States are unlikely to increase, population growth will be the primary source of labor force growth in the years to come. Population growth, in turn, can come from two possible sources: rising birth rates or immigration. In light of the demographic trends of the native-born workforce, immigration will continue to play a critical role in providing the workers needed to sustain overall economic growth.

"Pick 20 workers in the U.S. at random, and one of them is an illegal immigrant", says MSNBC. How does shrinking the labor force by 5% ... er, keep America strong?