Latest / Financial Survival Network / How Immigration Shapes Your Paycheck - Kenneth Rapoza #6203

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How Immigration Shapes Your Paycheck - Kenneth Rapoza #6203 · Financial Survival Network

• 0:00
  Speaker 1: The people who are crowding the Roosevelt Hotel, who have
• 0:02
  Speaker 1: overloaded the Row in New York City or any other
• 0:06
  Speaker 1: former Motel six and Best Western across the fifty states.
• 0:10
  Speaker 1: As if those people are working, most of them are
• 0:13
  Speaker 1: not working. They're not working. Whether it's you know, working
• 0:16
  Speaker 1: in a meat processing plant gutting chickens to turn into
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  Speaker 1: perdue chicken breasts, which many Americans don't want to do,
• 0:23
  Speaker 1: or whether it's cleaning you know, houses as a maid,
• 0:27
  Speaker 1: most of them are not working.
• 0:28
  Speaker 2: You are listening to Carrie. Let'sa's Financial Survival Network where
• 0:32
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• 0:36
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• 0:49
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• 0:56
  Speaker 3: And welcome.
• 0:57
  Speaker 4: You are listening to and watching the Financial Survivor Network.
• 1:00
  Speaker 4: I'm your host, Carrie Lutz. Well, we had an election.
• 1:03
  Speaker 4: Probably most of you are aware of that if you
• 1:06
  Speaker 4: are paying any attention at all, and the no surprise
• 1:10
  Speaker 4: in yours truly and most others who actually follow the
• 1:14
  Speaker 4: thing rationally, the outcome is exactly as expected. But that's
• 1:19
  Speaker 4: not the important thing. The important thing is what's next,
• 1:22
  Speaker 4: What is going on now? And how are we going
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  Speaker 4: to deal with it? And the is it for the
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  Speaker 4: benefit of the country.
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  Speaker 3: Or is it going to be another nail in the
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  Speaker 3: coffin and with us now? Is Kenneth Reposa And Kenneth
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  Speaker 3: you are an analyst with Congress Committee Committee for a
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  Speaker 3: prosper Holy show them okay that starts again. Kenneth, you
• 1:50
  Speaker 3: are an analyst for a group known as a Coalition
• 1:54
  Speaker 3: for Prosperate America. I like the title, and have we
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  Speaker 3: taken a giant.
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  Speaker 5: Toward properity or away? Well?
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  Speaker 1: I hope prosperity is on its way. I hope we've
• 2:06
  Speaker 1: taken a leap forward right because our organization we would be,
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  Speaker 1: I guess likened to an American first style organization. We
• 2:12
  Speaker 1: represent companies that want to produce things in the United States.
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  Speaker 1: And when I say that, that could be items that
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  Speaker 1: are put into a Boeing aircraft or it could be
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  Speaker 1: something like beef.
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  Speaker 5: We have beef.
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  Speaker 1: We have ranchers that are part of the coalition as well,
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  Speaker 1: because you know, the United States is being overrun these
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  Speaker 1: days by importing food, especially importing beef from Mexico and
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  Speaker 1: other countries around the world for various reasons. So there
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  Speaker 1: are members are people who want to maintain employment in
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  Speaker 1: the United States by keeping their businesses afloat making things.
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  Speaker 1: That's who that's who we represent, that's the coalition.
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  Speaker 3: So over the So that directly ties into immigration as well.
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  Speaker 3: I think the well, a lot of these companies, the
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  Speaker 3: hopefully none that you work with, are illegal in the
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  Speaker 3: immigrant who work for cheaper labor. A lot of companies
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  Speaker 3: moved out of the country that they couldn't afford the
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  Speaker 3: coup of labor. How do you come down on that channel?
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  Speaker 1: Well, I could tell you this immigration isn't really a
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  Speaker 1: fight that we have at coalition, But I could tell you,
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  Speaker 1: like I talk to some of our members and some
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  Speaker 1: of the other members, they do hire foreigners, you know,
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  Speaker 1: they do bring in people from overseas legally, we have
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  Speaker 1: a visa process for that. And a lot of them
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  Speaker 1: say that there is a labor shortage in the United States,
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  Speaker 1: and not only one of the things that I hear
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  Speaker 1: them complain about. Actually, so there is a legitimacy to this.
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  Speaker 1: I hear all so many people complaining about this is
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  Speaker 1: that a lot of American workers, whether they're twenty two
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  Speaker 1: years old, described from college, or whether even in their thirties,
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  Speaker 1: they're just not a lot of them. They especially on
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  Speaker 1: the manufacturing side, right, they just they don't want to
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  Speaker 1: work forty hours. A lot of them complain, and so
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  Speaker 1: a lot of these managers I talk to, I'm telling.
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  Speaker 5: You, it's really strange to hear you, but I do
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  Speaker 5: hear it. They do, they.
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  Speaker 1: Contech, the consulate, they get on these special visas, they
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  Speaker 1: import guys from countries in Central America and who come
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  Speaker 1: in and they work forty hours, and they're not they're
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  Speaker 1: not what I referred to as beavis and butt head
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  Speaker 1: what I heard referred to, right or as bevis in
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  Speaker 1: butt head who don't want to work. So there is
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  Speaker 1: a big that is a whole other debate, actually, but
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  Speaker 1: a lot of a lot of people, whether they're coalition
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  Speaker 1: members or just companies in general, there they they do
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  Speaker 1: complain about the labor shortage, you know, and they and
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  Speaker 1: they do hire people overseas.
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  Speaker 5: And whether or not that impacts.
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  Speaker 1: The wage rate, I guess that would depend on the industry.
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  Speaker 5: Right.
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  Speaker 1: So we have another thing like which is probably I'm
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  Speaker 1: sure you've heard of the H one B visa, which
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  Speaker 1: is more of a which is primarily a tech visa
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  Speaker 1: used in tech and tech companies like Google. Which is
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  Speaker 1: why if you go to downtown Manhattan, right where you
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  Speaker 1: go to all the IT guys working at the big
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  Speaker 1: Wall Street banks, it's like you're walking down the streets
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  Speaker 1: of Hidabad or Shanghai, because most of them are Indian
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  Speaker 1: and Chinese and they're not portfolio manager, but they're working
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  Speaker 1: out the tech side, and most of them, but there
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  Speaker 1: aren't H one B visas. And the argument there is, well,
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  Speaker 1: we don't have enough tech guys to do it. I
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  Speaker 1: don't know their argument there. The other argument could be,
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  Speaker 1: let's import more so we can not pay tech workers
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  Speaker 1: two hundred thousand bucks a year. We can only pay
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  Speaker 1: them eighty or whatever it is that it could put
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  Speaker 1: a cap on wages. So that's a whole other discussion.
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  Speaker 1: But as far as the illegal immige immigration, the border
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  Speaker 1: crosses are the newcomers as Trump as Biden would refer
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  Speaker 1: to them, Yeah, you know, we we we don't support
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  Speaker 1: that because that is wage stagnation and wage destruction.
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  Speaker 3: I thought the way that the current occupant of the
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  Speaker 3: white house was the valving the labor shortage. I thought
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  Speaker 3: hevalved them already, that opening up the borders.
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  Speaker 5: Well he's he.
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  Speaker 1: Well, well, if you listen to guys on CNBC, they'll
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  Speaker 1: tell you God forbid you send these guys home, because
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  Speaker 1: you know, all of a sudden, we won't have we
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  Speaker 1: won't have workers to do whatever it is we need
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  Speaker 1: to do. As if, as if the people who are
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  Speaker 1: crowding the Roosevelt Hotel, who have overloaded the Row and
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  Speaker 1: York City or any other former Motel six and Best
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  Speaker 1: Western across the fifty states, as if those people are working,
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  Speaker 1: most of them are not working. They're not working, whether
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  Speaker 1: it's you know, working in a meat processing plant gunning
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  Speaker 1: chickens to turn into Purdue Perdue chicken breasts, which many
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  Speaker 1: Americans don't want to do, or whether it's cleaning you know,
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  Speaker 1: houses as a made, most of them are not working.
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  Speaker 1: So you know, I mean certainly not certainly. We're not
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  Speaker 1: seeing people leave the Roosevelt to go get jobs as
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  Speaker 1: doormat at Macy's or the Upper West Side, So you know,
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  Speaker 1: these guys are not working. So but you know, it's
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  Speaker 1: it's a battle. I think I think we'll see hopefully
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  Speaker 1: we'll see some deportations and some changes at the border
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  Speaker 1: really soon.
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  Speaker 5: Americans clearly do not want an open border. That's that's
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  Speaker 5: a fact.
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  Speaker 1: Republicans or Democrats, and you know, the Buyden government right
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  Speaker 1: now doesn't seem to care that Americans don't want that.
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  Speaker 1: We've heard stories of them just you know, rushing people
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  Speaker 1: into the CBP one app and again all of these
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  Speaker 1: things for a company like like mine. We we represent
• 7:01
  Speaker 1: companies that don't that that want Mater grow.
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  Speaker 5: We can't have America grow.
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  Speaker 1: We can't have America prosper if you have a bottomless
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  Speaker 1: you know, arrival and unlimited arrival of people from you
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  Speaker 1: know what what used to be called the third world,
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  Speaker 1: right coming here to work. That that's just part of
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  Speaker 1: the press wages and and compete for housing. So it's
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  Speaker 1: just going to be a bad overall idea. And I
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  Speaker 1: think every American, most Americans agree on that.
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  Speaker 3: Yeah. Well, speaking of the Roosevelt hook, well that was
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  Speaker 3: another one of the current occupant in the White House
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  Speaker 3: is the accomplishment He ended the hook.
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  Speaker 1: Right, Yes, you put all the migrants in there, and
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  Speaker 1: you and may and think about this. I have no
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  Speaker 1: idea what the rates are. But you know, I used
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  Speaker 1: to love going to the Roosevelt when I used to
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  Speaker 1: work for Forbes. I don't I never worked in the city,
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  Speaker 1: but I have to go to I have to go
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  Speaker 1: to New York City at least once once a month,
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  Speaker 1: once every of the month, and I'd go meet with
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  Speaker 1: meeting with my editors, and meet with sources, and wine
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  Speaker 1: and dine. And I probably paid two fifty a night,
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  Speaker 1: maybe a little less, depending what was happening with the
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  Speaker 1: un that is, when prices really drove up. Who's paying
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  Speaker 1: the Roosevelt now if probably a combination of the Feds
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  Speaker 1: and the City of New York and maybe the state
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  Speaker 1: of New York. And I'm whoever owns the Roosevelt's probably
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  Speaker 1: making three hundred four hundred dollars a night. You know.
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  Speaker 5: The problem is, I'm sure it's a total grift.
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  Speaker 1: These hotels have to be shut down, and hopefully Trump
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  Speaker 1: does that and it shuts down quick. They're really shutting
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  Speaker 1: down in New York City, but they need to be
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  Speaker 1: shut down nationwide.
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  Speaker 3: Yeah.
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  Speaker 4: No, I couldn't agree with you more. And they're paying,
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  Speaker 4: They're not getting a discount. They just said that they
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  Speaker 4: rented out the Roosevelt Hotel for two hundred million dollars,
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  Speaker 4: two hundred and twenty million dollars and it's out by
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  Speaker 4: the government of Pakistan now and then what's the.
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  Speaker 3: Point of this, right?
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  Speaker 5: What a griff is awful up?
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  Speaker 3: That's it.
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  Speaker 5: And it was a.
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  Speaker 1: Beautiful hotel too. It's really sad to see what's happened
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  Speaker 1: to that hotel. It was an iconic hotel. It was
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  Speaker 1: a good, affordable Erican middle class hotel. I mean, if
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  Speaker 1: you wanted to go. I mean there's a lot of
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  Speaker 1: beautiful hotels in Manhattan obviously, like the Pierre and so on.
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  Speaker 1: You know, iconic New York City hotels, but they're out
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  Speaker 1: of pocket, right, they're very expressive.
• 9:00
  Speaker 5: It fly on amou tonight. Want to stay at here?
• 9:02
  Speaker 5: You're staying in the.
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  Speaker 1: Beautiful Roosevelt and a large entryway, red carpet treatment when
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  Speaker 1: you walked in the beautiful bar at a rooftop bar,
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  Speaker 1: and you can get any I guess under two fifty
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  Speaker 1: at night.
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  Speaker 5: Sometimes in you off season you're looking at one twenty
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  Speaker 5: at night.
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  Speaker 1: That was an affordable, middle class you know, iconic New
• 9:17
  Speaker 1: York City hotel and if you wanted to enjoy all
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  Speaker 1: the trap.
• 9:20
  Speaker 5: You know the.
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  Speaker 1: Trappings of New York City, right near Grand Central Station,
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  Speaker 1: right near Type Square, right near Fifth Avenue. That was
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  Speaker 1: the place and it's been totally destroyed in the migrants.
• 9:29
  Speaker 1: IM sure that we're in there. So you didn't treat
• 9:31
  Speaker 1: it any you know, it didn't need it any better.
• 9:33
  Speaker 4: No question about it. So hopefully that'll be over soon.
• 9:38
  Speaker 4: All these things though, like the grift, How do you
• 9:41
  Speaker 4: think doge will impact your organization?
• 9:45
  Speaker 1: Kenneth Oh, well, doge Well, the point of Doge right
• 9:49
  Speaker 1: will be to cut regulation in the cut government spending, right,
• 9:52
  Speaker 1: and if you cut government spending, then you don't have
• 9:54
  Speaker 1: to worry about the government growing so much, including increasing
• 9:59
  Speaker 1: tax rev right, So that would that would be helpful
• 10:02
  Speaker 1: to companies right when they when they see that there's
• 10:05
  Speaker 1: a possibility that their taxes can be lowered. That's always
• 10:08
  Speaker 1: a positive whether or not dog is going to be
• 10:10
  Speaker 1: successful because of course, there's a lot of opposition to
• 10:12
  Speaker 1: them on Capitol Hill because you know, the whole system
• 10:14
  Speaker 1: is in trench. Right if you and I work work
• 10:16
  Speaker 1: in some ridiculous bureaucracy and on Capitol Hill making one
• 10:20
  Speaker 1: hundred thousand bucks a year, which might not be a
• 10:22
  Speaker 1: lot of money in DC, But to most American pledgs,
• 10:25
  Speaker 1: that certainly seems like a hell of a lot of cash.
• 10:27
  Speaker 1: They don't lose their job, and their job could just
• 10:29
  Speaker 1: be useless pencil pushers that probably can really do what
• 10:32
  Speaker 1: you do ten hours a week instead of forty. But
• 10:35
  Speaker 1: and Elon Musk clearly wants to out them, he wants
• 10:37
  Speaker 1: to get rid of them. So does bevet whether or
• 10:40
  Speaker 1: not they're successful. I don't know, because there again, there
• 10:42
  Speaker 1: is an entrenched bureaucracy there with with a lot of
• 10:45
  Speaker 1: lawyers who are going to say you can't do this
• 10:47
  Speaker 1: because we've already seen what Biden has done, or whoever
• 10:49
  Speaker 1: it is in the White House that that pulls the
• 10:51
  Speaker 1: strings and decision run yeah, saying.
• 10:54
  Speaker 5: We're not going to lay these guys off.
• 10:56
  Speaker 1: Well, they've signed contracts for certain players for like till
• 10:59
  Speaker 1: twenty twenties or whatever it was. You want to make
• 11:01
  Speaker 1: sure these guys aren't cut by DOGE. So wheels are
• 11:03
  Speaker 1: in motion to make sure Doge is not successful.
• 11:06
  Speaker 3: Yeah.
• 11:06
  Speaker 4: Well, I think Doze is an idea whose time has come,
• 11:12
  Speaker 4: and as much as they'd like to stop it, I
• 11:14
  Speaker 4: don't think they can. And the fact is Congress is
• 11:18
  Speaker 4: going to roll over eventually, one way or the other.
• 11:22
  Speaker 4: And you see it already with the numerous appointments, cabinet appointments.
• 11:28
  Speaker 4: There's a whole big and now you know, you got
• 11:31
  Speaker 4: people like Lisa Murkowski and Mitt Romney saying, no, the
• 11:37
  Speaker 4: President's got to do what he's got to do. You
• 11:40
  Speaker 4: know anything, rist is coming to an end to your.
• 11:43
  Speaker 1: Kind of Well, I I want to I want to
• 11:45
  Speaker 1: tip my hat to social media, like of course, led
• 11:50
  Speaker 1: by X right, I mean, this is the base of
• 11:54
  Speaker 1: you know this, this is the activist base that got
• 11:56
  Speaker 1: the too big to Rig vote out right. They all
• 11:59
  Speaker 1: exist on X They're all talking about what's happening on
• 12:02
  Speaker 1: Capitol Hill on X. So they're essentially they're front running.
• 12:07
  Speaker 5: Right.
• 12:07
  Speaker 1: You have all the market symbols behind you on your background, right,
• 12:11
  Speaker 1: so you know what front running means. They're front running
• 12:15
  Speaker 1: the Republican rhinos from saying we can't have this person.
• 12:18
  Speaker 1: He's uncouth, we can't have this person. They're not they
• 12:21
  Speaker 1: don't go to church seven days a week. You know
• 12:23
  Speaker 1: what I mean, we can't have this person. They says
• 12:26
  Speaker 1: something bad in nineteen eighty nine, you know that those
• 12:29
  Speaker 1: people are going to be humiliated, and they know now
• 12:32
  Speaker 1: that they can be primary and that there is a
• 12:36
  Speaker 1: serious people on the ground from groups like we've all
• 12:39
  Speaker 1: heard about it. Charlie Kirk turning point USA. Scott Pressler,
• 12:42
  Speaker 1: an independent guy who's doing all by himself, got the
• 12:45
  Speaker 1: vote out in Pennsylvania. He's trying to do again in
• 12:48
  Speaker 1: New Jersey at midterms. So these guys know, hey, this
• 12:51
  Speaker 1: base of the Republican movement, this nationalist populist movement that
• 12:55
  Speaker 1: exists on X really primarily as their sounding board, that
• 12:59
  Speaker 1: these these are the watchdogs of Capitol Hill. This is
• 13:03
  Speaker 1: this is the plub movement on that's watching what's happening
• 13:06
  Speaker 1: on Capitol Hill. And they're going to say, hey, look,
• 13:08
  Speaker 1: we're one step ahead of you. And as long as
• 13:10
  Speaker 1: that they can stay one step ahead, I think you'll
• 13:12
  Speaker 1: see Congress reacts, maybe hopefully in a positive way, because
• 13:16
  Speaker 1: otherwise they won't.
• 13:17
  Speaker 5: Right then they're not interested.
• 13:19
  Speaker 1: We have we have we have a government that's more
• 13:22
  Speaker 1: interested in foreign policy intrigued than they are on the homeland.
• 13:25
  Speaker 5: Right.
• 13:25
  Speaker 1: We know as soon as you throw something at Congress
• 13:27
  Speaker 1: that means they're going to save the world somewhere in
• 13:30
  Speaker 1: some country. Four thousand miles away, they act on that.
• 13:34
  Speaker 1: They make those decisions instant in the United States. If
• 13:37
  Speaker 1: there's something that's needed here, whatever it may be, is
• 13:40
  Speaker 1: basically something long term, is housing or whatever. It takes
• 13:43
  Speaker 1: them years to figure these things out, but it takes
• 13:46
  Speaker 1: them days to throw money overseas because that's there.
• 13:49
  Speaker 5: That's their specialty.
• 13:50
  Speaker 1: So as long as we can pull their feet to
• 13:52
  Speaker 1: the fire, as they say, you know, I think I
• 13:54
  Speaker 1: think the the you know, the the old country Club
• 13:57
  Speaker 1: Rhino Republican will get on the Republican wing, the Trump
• 14:03
  Speaker 1: wing of the Republican Party, which has really changed that party.
• 14:06
  Speaker 3: We can only hope.
• 14:07
  Speaker 4: We can only hope. Hey, people want to find out
• 14:11
  Speaker 4: more about what you guys are doing. Connect with you
• 14:13
  Speaker 4: on the web. Where do you go?
• 14:15
  Speaker 1: Okay, so you can find out about coalition at Prosperousamerica
• 14:18
  Speaker 1: dot org America first company.
• 14:20
  Speaker 5: Right, that's what we do.
• 14:21
  Speaker 1: We're trying to make sure that Trump's agenda can be successful.
• 14:25
  Speaker 4: All right, love it.
• 14:26
  Speaker 3: We'll definitely talk to you again. Kenneth.
• 14:27
  Speaker 4: You got a question for Kenneth myself, shoot me an
• 14:30
  Speaker 4: email kl Atcarrie LUTs dot com. You'll find the link
• 14:34
  Speaker 4: to his site in the show notes this interview on
• 14:37
  Speaker 4: Financial Survival Network dot com. And while you're there, please
• 14:41
  Speaker 4: sign up for your free newsletter. As over sixty thousand
• 14:44
  Speaker 4: of your fellow FSN community members, Kenneth appreciate your stopping by.
• 14:49
  Speaker 3: Talk to you again soon.
• 14:50
  Speaker 2: Thank you, sir, thanks for listening to Carrie Letz's Financial
• 14:54
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