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unseen1
@unseen1_unseen
, 3 tweets, 1 min read Read on Twitter
The fact that wages where up but job creation is down points to part of problem being a tight labor market. There just isn't enough qualified workers out there at the moment. The ADP report Wed backed this up saying small businesses can't find workers.

cnbc.com/2019/06/07/non…
Part time workers also fell. Pointing again to a tight labor market. African American unemployment rate also fell. Both data points point to a tight labor market & businesses searching for full time workers.

The record numbers of border crossings also point to a tight market
A labor shortage like an energy shortage can cause the economy to slow. So on one hand it's a great thing to see full employment on the other it can limit the growth potential of the economy.
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unseen1
@unseen1_unseen
For those unsure about the deal struck with Mexico, remember the travel ban. It was a simple thing that changed the pipeline of refugees and took the profit motive out. Now instead of 120k refugees there are less than 30k admitted. The same principle is behind this agreement.
The agreement changes catch and release to catch and return across the entire border. It takes the profit motive away from the Illegals and thus from the cartels/human trafficking. The illegals are not released into the country and thus can't pay the cartels back.
It's hard to make money when you are sitting on the wrong side of the border awaiting a hearing where you stand a 90% of losing your case. If you don't make money you can't pay the traffickers. Why travel 2000miles to get a quick flight back home. Maybe for a vacation?
Read 9 tweets
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unseen1
@unseen1_unseen
What the media isn't telling u. While the first tariff is small (5%), it allows the process to start. The collections, the paper work, the slow down at the border. It changes people's minds from it won't happen to it has happened & could happen again.

amp.cnn.com/cnn/2019/06/06…
Trump understands this. The CoC understands this. If the tariffs are enacted, it's a game changer even if they are removed in a week or two weeks. How can a business invest and build in Mexico if a President can just slap a tariff on their goods when a group crosses the border?
Once they begin to factor in that risk then it becomes a guessing game. Is 30k illegals too much, will 60k trigger tariffs this month? Will the drug cartels look for money elsewhere if the border is closed? If tariffs are implemented the risks explode for businesses.
Read 8 tweets
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unseen1
@unseen1_unseen
I love how they bury the headlines in these articles. Those steel tariffs cost Ford $1 billion to it's bottom line. The costs were not "payed by the consumer" but by Ford's lower profit. And industry "declining' to pass most of higher costs to consumers"

cnbc.com/2019/06/05/aut…
"declining". The article pretends that it's only through the good will of the auto industry that those costs haven't been passed along. Yeah, sure, that's it. Ford takes a $1 billion dollar hit to their bottom line because they are nice people. 🙄🙄🙄.
They haven't been passed along because the auto industry can't pass them along, yet. So instead it's impacting profit margins. The article then threatens that this "good will" can only last so long & the Mexico tariffs "make them" pass them to the consumers.
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