Americans are eager for President-elect Donald Trump to address the issue of high prices, but experts warn that his proposed mass deportations could have an inflationary impact on the economy. According to Chuck Conner, CEO of the National Council of Farmer Cooperatives, a significant portion of the labor force in certain agriculture sectors is made up of individuals who may lack proper documentation to reside in the United States.
Conner highlighted that up to 90 percent of workers in these sectors fall into this category, raising concerns about the potential consequences of mass deportations. With a potential shortage of laborers in these industries, Conner predicts a significant increase in prices. He emphasized that the only plausible direction for prices to move under such circumstances is upward, and the rise could be substantial.
The looming prospect of mass deportations and the resulting labor shortage in key sectors of the economy could lead to a spike in prices for essential goods. This scenario poses a challenge for the incoming administration as it seeks to address the issue of high prices while navigating the potential economic repercussions of its immigration policies.
