Commentary: US immigration shift may have profound economic consequences

Liz Ann Sonders, chief investment strategist at Charles Schwab, writes that “[a]s deportations increase and pathways for new entrants narrow, employers may face heightened difficulty filling positions. This labour scarcity is likely to contribute to wage inflation in lower-skilled service roles; which although beneficial for many workers, also pressures profit margins and contributes to broader inflationary trends.”

KJ