President-elect Donald Trump’s pledge for mass deportations and ending Temporary Protected Status may impact sectors heavily reliant on immigrant labor, including construction, housing, agriculture, and technology. Industry leaders express concern over the economic strain of filling an estimated one million job vacancies. Staffing agencies anticipate a labor shortage exacerbated by immigration restrictions, with wages rising across sectors. Experts warn that deporting millions of workers could lead to supply chain disruptions, increased prices, and delays in housing and agriculture.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President-elect Donald Trump's pledge for mass deportations and ending temporary protected
00:06status may impact sectors heavily reliant on immigrant labor, including construction,
00:11housing, agriculture, and technology. Industry leaders express concern over the economic strain
00:18of filling an estimated 1 million job vacancies. Staffing agencies anticipate a labor shortage
00:23exasperated by immigration restrictions, with wages rising across sectors as a result.
00:29Experts warn that deporting millions of workers could lead to supply chain disruptions,
00:33increased prices, and delays in housing and agriculture.
00:37For all things money, visit Benzinga.com slash GSTV.