At a May 1 charity for pro-immigration organizations held at the prestigious Mayflower Hotel in Washington, D.C., President Joe Biden said that immigrants who are not voting Americans and their babies “are what makes us economically strong.”
Biden’s statement highlights his policy of inflating the national economy through Extraction Migration, never by increasing U.S. exports to developing nations or by increasing Americans ‘ all-important productivity with more money invested in workplace technology and innovation.
” One of the reasons our economy is growing is because of you and many others. Why? Because we welcome newcomers”, Biden said, according to a statement by a lake writer. He continued:
Why is China stalling but hard financially? Why is Japan having problem? Why is Russia? Why is India? Because they’re racist. They do n’t want immigrants! …Immigrants are what makes us powerful. Never a prank. That’s not narrative, because we have an flood of employees who want to be here and just help.
Biden’s comments were downplayed by mainstream media outlets during” Eastern American, Native Hawaiian, and Pacific Islander Heritage Month” and otherwise dismissed as political gaffes.
Biden is largely right about the economy: Migration does develop a nation’s economy and tax revenues — just as ice cream expands a belly — because workers serve as buyers, landlords, staff, and clients for government agencies.
But Biden’s hurry of workers also boosts prices, housing costs, and interest rates. Worse, it reduces CEO willingness to pay for the significant rise in technology and productivity, which results in higher pay and a higher standard of living for voters by requiring more daily work.
On May 2, Reuters reported , that” U. S. employee productivity growth slowed sharply in the first third, resulting in a boom in labor costs, but the trend in output remained good”.
Labor productivity has increased a cumulative 0.6 % over the last 14 quarters – that’s a downright anemic annualized rate of <, 0.2 % … pic. twitter.com/LVA9EB9g7X
— E. J. Antoni, Ph. D. ( @RealEJAntoni ) May 2, 2024
Migration lobbies side the efficiency problem as they demand more lower- experienced, reduced- productivity consumers, renters, and workers.
General productivity is about 1 % below CBO’s pre- epidemic forecast.
( The fact that production is a little above CBO’s post- pandemic estimates is because work, particularly through emigration, has come in higher than expected. ) photograph. twitter.com/xfIt8Lq7X1
— Jason Furman ( @jasonfurman ) May 2, 2024
So Biden’s pro-migration coverage has ruined his polls in a time when Wall Street benefits from cheap labor and British citizens scrimp and save as their slow-growing wages are slashed by inflation and rising housing expenses.
Similar to the United Kingdom, where the Conservative Party faces an electoral thaw by January 2025 as a result of a huge immigration surge that has slowed down income, increased housing costs, and stagnated productivity increases.
In Canada, the investor-backed Prime Minister Justin Trudeau faces political defeat in October 2025 because mass movement has slashed wages and performance while also raising housing costs to the point where the birth rate has also increased, leading to a drop in birth rates.
In Ireland, the nation’s major political parties even face defeat in 2025 because the today- departed primary minister, Leo Varadkar, substantially ramped up migration numbers. Varadakar’s father was born in India.
Biden also criticised Japan, which recently criticized for starting to import personnel.  ,” The development direction of the Chinese economy is really not so bad when looking at per- person figures”, Ulrich Volz, an economics teacher at SOAS University of London, said in an email to the , Washington Post.
In contrast, China’s dictatorship has adopted the economic strategy used by generations of U. S. governments between 1925 and roughly 1990,
The prior U. S. strategy emphasized education, science, productivity, and automation, and it allowed generations of Americans to massively increase production, grow exports, and share vast wealth via wages and stock values — even as they fought and won World War II and the Cold War.
Republicans and Democrats, who allowed investors to move U.S. manufacturing to China, abandoned that low-migration, high-productivity strategy in 1990. The politicians also choose to inflate the nation’s consumer economy by doubling the extraction of consumers, renters, and workers from developing countries.
China’s dictatorship took advantage of this U. S. shift to import American expertise and funding to help create their own network of high- tech factories amid regime- surveilled , widespread poverty:
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For example, the New York Times reported in August 2023 about how China is trying to grow its auto industry without immigration:
China is trying to use automation to address its lack of willing hands, particularly the electric car industry. In 2022, businesses in China installed more industrial robots than the rest of the world combined, according to the International Federation of Robotics. It exceeded its biggest manufacturing rivals, Japan, the United States, South Korea and Germany.
By 2027, Nio plans to replace half its managerial positions with artificial intelligence and a third of its factory workers with robots, said Mr. Ji, the company’s vice president of manufacturing.  , One of Nio’s factories , makes 300, 000 E. V. motors a year and has a mere 30 workers.
Zhou Linlin, the CEO of Principle Capital, a Shanghai investment company with stakes in numerous Chinese factories, said,” All of these companies have a difficult to find blue-collar labor.” ” That’s why all the companies are looking for automation and robotics solutions”.
In contrast, U. S. Fortune 500 companies are protecting their value on Wall Street by importing migrants for U. S. white- collar jobs and exporting jobs , to white- collar workers in developing countries.
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Biden’s May 1 comments about China match his earlier April 16 campaign speech in Scranton, Pa, where he declared,” They’re xenophobic, nobody else is coming in, they’ve got real problems”:
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Extraction Migration
Since at least 1990, the federal government has relied on , Extraction Migration , to grow the consumer economy after it helped investors move the high- wage manufacturing sector to lower- wage countries.
The migration policy extracts , vast amounts of , human resources from needy countries. The additional workers, consumers, and renters push up stock values , by shrinking Americans ‘ wages, subsidizing , low- productivity companies, boosting rents, and spiking real estate prices.
The economic policy has pushed many native- born Americans out of careers in a , wide variety , of business sectors, reduced , Americans ‘ , productivity , and political , clout, slowed , high- tech innovation, shrunk trade,  , crippled , civic solidarity, and incentivized government officials and progressives to ignore the , rising death rate , of , discarded, low- status , Americans.
The policy also sucks jobs and wealth from heartland states by , subsidizing coastal investors , and government agencies with a flood of low- wage workers, high- occupancy renters, and government- aided consumers. Similar policies have harmed Canadian and British citizens ‘ economies.
The colonialism- like policy , has damaged small nations, and has killed , hundreds of Americans , and , thousands of migrants, including many on the , taxpayer- funded jungle trail , through the Darien Gap in Panama.
