Trump's Deportation Plans Threaten to Spike Grocery Prices
Nobel economist warns that mass deportations could lead to inflation in critical sectors like agriculture and construction.
- Paul Krugman, a Nobel Prize-winning economist, predicts that Trump's immigration policies will worsen inflation, particularly in groceries and housing.
- Undocumented immigrants make up a significant portion of the agricultural and food processing workforce, with deportations likely leading to severe labor shortages.
- Krugman argues that these labor shortages would force industries to raise wages, costs that would be passed on to consumers through higher prices.
- Trump's policies could also exacerbate the housing crisis as undocumented immigrants constitute over a fifth of the construction workforce.
- Tom Homan, known for his tough stance on immigration, has been appointed as Trump's 'border czar' to lead the proposed mass deportations.