Experts Discuss Immigration’s Effect on Unemployment and Labor Costs.
The impact of immigration on unemployment and labor costs was a key topic as experts analyzed its potential effects on the U.S. economy. With rising joblessness a growing concern, the panel also explored how investors might seek safer assets like bitcoin and gold during unstable times.
Roundtable anchor Rob Nelson facilitated the discussion, joined by Jon Najarian, co-founder of Market Rebellion, and David Gokhshtein, CEO of Gokhshtein Media. Together, they examined the economic challenges and possible solutions.
Najarian pointed to the consequences of an open border policy, stating, “The influx of immigrants is pushing unemployment up and it will continue to push unemployment up.” He noted that this could lead to a significant decrease in labor wages, warning that “we will be bringing down the cost of labor pretty dramatically.” He stressed that without addressing these issues, the U.S. labor market would face serious challenges in the future.
Gokhshtein shifted the discussion to investment strategies in times of economic downturn. He suggested that if unemployment rises to six or seven percent, many investors might turn to gold for safety. He also mentioned that bitcoin could become a refuge for investors. Gokhshtein supported stricter immigration policies, urging, “Close the goddamn borders. Get rid of all the illegal immigrants… and let’s get back to what America was.”
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