If draining the swamp is a form of free market capitalism…
Why is Elon Musk wanting to make more, not less policy in focusing exclusively on a specific type of immigrant. This seems like a Keynesian approach. Wouldn’t free market folks say, this influx of people who has been displaced for whatever reason shouldn’t be categorized? This is what the market is providing us (a surplus, so let’s use that surplus to reduce inflation).
Even if he is looking exclusively at his own industry in information technology, and saying we need more computer engineers in addition to the American born. Wouldn’t he and the incoming administration also see how lack of general unskilled labor for construction is partly to blame for costs skyrocketing? Materials were in short order during COVID which slowed/stopped construction, and yes, the mortgage rates are closer to their historic norms rather than subnormal which slowed construction. If we had more general laborers (not just H1-B) then possibly we would be able to build more homes by offsetting those increased prices from mortgage rates, getting those costs down thereby giving a runway for housing much lower income individuals and reducing what is currently a larger inflation headwind to the economy. By also creating more housing inventory, then we would help the insurance industry to dilute their current problems. More homes means more policy holders who could help to offset all of the damage claims the industry has recently taken on from historic floods, hurricanes, fires, and tornadoes.
submitted by /u/Shage111YO
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