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The John Batchelor Show

PREVIEW: #MIGRANTS: Conversation with colleague Elizabeth Peek of Fox New re the strong Americcan economy, the sticky inflation, and how the millions of undocumented migrants these last years have contributed to and made unusual and unpredictable American

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 16 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

PREVIEW: #MIGRANTS: Conversation with colleague Elizabeth Peek of Fox New re the strong Americcan economy, the sticky inflation, and how the millions of undocumented migrants these last years have contributed to and made unusual and unpredictable American growth. More tonight.

1914 Rio Grande River

Transcript

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0:00.0

This is John Bachelor, conversation with my colleague Elizabeth Peake of Fox News of the Hill,

0:05.6

much on Fox Business, about the American economy and its contradictions.

0:10.4

Growth is superior to all G7 members. Twice as much, more, three times, four times, five times.

0:20.4

The UK, much more than Germany.

0:24.0

Nearly, yeah, three times, Japan.

0:27.0

And yet, what explains it, and also the high inflation,

0:32.0

the expectation, are the migrants part of the answer. How do they confuse

0:37.5

things with labor, especially labor at the lower end of the scale.

0:44.0

Elizabeth Peek, commenting on the migration story of these last years,

0:48.0

we don't have a number, but it's millions coming into the United States

0:52.0

through the southern border or the

0:54.6

northern border. There are other ways in. More of this tonight. Thank you.

1:00.5

Well it certainly helps in terms of supplying labor and particularly cheap labor.

1:09.3

It doesn't help the American worker who is on the low end of the wage spectrum and who now

1:16.1

sees their wages flatlining. But in general in terms of volume, if you will, sure, it pumps up the numbers.

1:25.8

And again, particularly in terms of adding jobs.

1:29.7

I mean, if you're, let's say you own a restaurant in the middle of the country and you've been

1:34.0

desperate to hire servers and we've all been traveling the country and you see lots of

1:39.5

signs out still saying help wanted or servers wanted or whatever and all of a sudden someone comes to your door and not only

1:46.7

are they available they're desperate to work and they don't care what they make

1:50.9

or they you know they're below market averages you know you're

1:54.5

going to hire them even if you're not maybe convinced that you need someone

...

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