**Illegal Immigration's a Real Problem
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Housekeeping: Happy Labor Day. Title topic starts 14 seconds in.
Intro:
In recording for this week’s NFP, Morgan Stanley made reference to an Atlanta Fed report on immigrant workforce participation.
The immigration topic had been top of mind for some time, and some things needed to be said. The US workforce data masks a much bigger problem with no signs of stopping even if the immigration does.
Contents:
* Immigrant Workforce Participation: A Shifting Trend
* A Permanent Welfare State?
* Workforce…
The skinny
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