President Trump has been influenced by cheap labor business interests to endorse an increase in legal immigration to meet an alleged labor shortage. Interestingly, this view contradicts the view expressed in a report by the president’s Council of Economic Advisors. It stated:
“Although the low unemployment rate is a signal of a strong labor market, there is a question as to whether the rapid pace of hiring can continue and whether there are a sufficient number of remaining potential workers to support continued economic growth. This pessimistic view of the economy’s potential, however, overlooks the extent to which the share of prime-age adults who are in the labor market remains below its historical norm.”
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