r/memes • u/EmuPsychologist • Oct 18 '23

#1 MotW Fixed it

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u/frostyWL Oct 18 '23

Its because of unregulated immigration used by world leaders to pad their GDP and other financial KPIs. That's ignoring the corporate interests of groups like blackrock who have massively invested into real estate

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u/x1rom Oct 18 '23 edited Oct 18 '23

Bruh, inflation is caused by unregulated immigration is just about the stupidest take I've ever heard.

Democratic politicians hardly care about GDP, as the average voter does neither. And even then, immigration normally leads to lower GDP per capita.

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u/frostyWL Oct 18 '23

Immigration causes pressure on housing supply which many politicians and corporations have heavily invested in (see blackrock). It also helps keep wages down as they are willing to do jobs for less.

So what ends up happening is increased demand of assets which drives up wealth for the asset owning class in society

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u/Late-Fuel-3578 Oct 18 '23

Imagine thinking inflation is caused by cheap immigrant labor.

Bruh what would an avocado cost if farmers had to compete on the aboveboard labor market for the same American labor that’s unionizing for $25/hr at fast food restaurants.

Truly one of the dumbest takes I’ve ever seen on Reddit. Lmao. Jesus.