GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
Its a promise hes expected to make good on and one hes already made moves to fulfill.
Can it affect their wallets?
You may besurprised to learn that it can, regardless of where on the political spectrum you fall.
Lets look at the nuance here.
There is a significant disparity between the income of citizens and immigrants withoutpermanent legal status.
The question that emerges is, Will citizens work for these rock-bottom wages?
Additionally, Will they work jobs that are infamously physically taxing and tedious for those rock-bottom wages?
Undocumented workers work disproportionately in jobs that native-born Americans will not do, saidJulia Rueschemeyer,an attorney.
So how does any of this affect your wallet?
To be able to afford that, theyll hike up prices on their goods.
This will lead to inflationary pressure.
These are simple economic laws of supply and demand.
This is where the consumer aspect comes into play.
This could lead businesses to cut back on hiring, reducing the number of new jobs available.
Decrease in Rental Demand in Some Areas
Heres one that affects the wallets of real estate investors.
When they go, we could see more housing open up.
This happens because the core of the local community is uprooted.
When people are removed from their homes, we often see a ripple effect on thelocal housing market.
Keith Sant, founder and CEO,Kind House Buyers.
Demand for homes may decrease, causing prices to drop and homeowners to lose equity in their properties.
More From GOBankingRates
Share This Article:
