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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: richinmd   😊 😞
Number: of 21944 
Subject: Re: Hard Tapping on the Brakes?
Date: 01/31/25 8:18 PM
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The reason it has always been that way is pro-business politicians want it that way


Allows them to under pay them and get away with various safety/health issues since the workers can't afford to cause trouble.
And if strictly enforced it will lead to inflation in food prices, restaurants, and other industries. In technology you have the H1B visas that Musk is so fond of, that is largely due to being able to pay those workers significantly less money.

While there needs to be a proper way to get people to do this work, cracking down in a severe way is just going to hurt the economy significantly. Many of these people are a net plus for the economy.

I was on a plane trip a few months ago and was sitting next to a young lady. She was from Mexico and was working in Maryland picking crabs. She had some contract for "x" months of work and got paid per pound of crab meat picked. For every job like that which is done legally, there are many more that go the illegal route.

My wife's family history goes back to Mexico. Her parents have both passed away. One was born in Texas and the other in Mexico and eventually gained citizenship in the US. Her father made all 3 kids work a summer in the fields picking cotton or whatever. He wanted them to see the importance of getting an education and it worked.

Rich
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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