05/16/2018

Trump's Restrictionist Policies Hurt U.S. Businesses Along With Immigrants

Nick Gillespie, Reason

Since he first announced that he was running for president, Donald Trump has argued that immigration is bad for American workers and businesses. Yet some of his toughest critics are small businessmen who voted for him but rely on guest workers.

Consider Eddie Devine, a Trump voter who runs a landscaping business in central Kentucky. In a recent story for the Lexington Herald-Leader, he says that it's been years since he could find American workers willing to cut grass for $12 an hour and that he relies on low-skilled seasonal employees who enter the country legally under H2-B visas. That costs him an extra $18,000 a year, but that's the cost of doing business. Now, though, his business is now on the chopping block:

Restrictions on guest-worker visas, which began during President Barack Obama's second term as immigration became a hot issue for conservatives, have gotten worse under Trump. And it's even more of a problem now that the unemployment rate is the lowest it has been in years.

Devine says he lost a $100,000 account because he didn't have enough men to do the job. He's worried he may be out of business next year if things don't improve.

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In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

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    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central September Year-to-Year: 2.87% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

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