How fixing US immigration law can stabilize inflation
U.S. consumers are experiencing a dramatic increase in commodity prices. Currently, U.S. inflation is at 9.1% – the highest since 1981, with the United States Department of Labor ascribing the rise to price increases for fuel, food and housing. While the country struggles to grapple with the crippling effects of inflation on the economy, in part by blaming the Russian-Ukraine conflict for the disruptions that have no apparent end in sight, one viable solution to the problem lies in fixing the outdated U.S. immigration laws. Jon Purizhansky : According to a leading global recruitment company, the only way forward is for countries to rely on each other’s strengths to even out their weaknesses. Developed countries are mostly filled with aged citizens who have no interest in working, whereas underdeveloped countries are struggling to keep their population, which is mostly young vibrant individuals without jobs. The economics are quite simple: lack of labor affects prod...