Postpandemic US Immigration Surge: New Facts and Inflationary Implications [pdf] (2024)
dallasfed.org
dallasfed.org
They didn't say in the abstract, but it's labor supply? So we are desperate for a class of near-homeless people to work drudge jobs that all of the immigration was sucked up in our economy?
Why was there a hypothesis of immigration == inflation in the first place? Is that some right wing policy meme for absolving tariffs from inflation?
I've never even heard of this hypothesis until now.
I think if the right was baselessly peddling it surely the left would be screeching about it and we'd all at least know about it from one side or the other.
Seems like they're answering a question nobody asked.