No. of Recommendations: 0
The loss of those workers would also be inflationary, sharply raising the prices of farm products.
Product inflation is deflationary as a double whammy.
Our economy is 80% the service sector. Products are contracted for, and services are committed to getting the job done.
Tariffs that raise the price of products, or deportations that raise the price of products, create a decline in services. Softer revenues in the service sector contribute to unemployment. A negative synergentic spiral is created.
We are at the beginning of circling down the drain.
Both at home and abroad, our hegemony is being ripped apart to advance simplistic goals with little direct payoff. Secondary goals that work against the country's larger economic dominance. Scuttling much of our advantage will be crushing.
