Summary
Representative Alexandria Ocasio-Cortez warned that Trump’s mass deportation policy could lead to labor shortages and higher grocery prices.
Experts say agriculture, construction, and healthcare will be hardest hit, with farm output losses estimated between $30 and $60 billion.
Deportations could cost the U.S. economy up to $88 billion annually.
AOC argued that immigrant labor is vital to economic stability, urging Congress to pursue immigration reform.
So, thing is USDA guarantees a minimum price for stuff like corn and dairy, paying the difference between the actual market price and the minimum price to farmers. So the market price for them will drop but production won’t, and chances are, most of the stuff will end up getting thrown out or used in utterly absurd way. Closing USAID just removes a potential useful outlet for the surplus. Rather than corn getting used for subsidizing food costs in other countries, it’ll be up getting used to make potting soil, gasoline and dry wall. Not because it makes economic sense to do so, but because the government will pay the economic losses that are inherent in such wasteful use cases.