The Labor Shock: Economic Consequences of Mass Deportation

For months, markets have focused on tariffs and global trade realignment.

At its core, economic growth depends on labor, capital and productivity.

Remove a sizable share of workers from labor-intensive industries, and output falls unless automation or domestic hiring can quickly compensate.

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The Labor Shock: How Mass Deportations Are Rippling Through Prices, Productivity and the Federal Budget

This is part 3 of the "Trump Slump."

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