The U.S. Bureau of Labor Statistics released new economic data Tuesday showing the sharpest quarterly decline in labor productivity since 1948.
BLS reported a 4.6% decrease in labor productivity in the second quarter of this year as the economy shrank and labor costs rose. This data follows a decrease in productivity the first quarter of 2022 as well.
Rarely is the sequence of cause and effect so clear. The current surge of migrants at our southern border is the direct result of the Biden administration eliminating the Trump rules that had once tamed the flow. Gone are the “safe third country” agreements that helped migrants apply for asylum in countries through which they had already traveled. Gone is the “remain in Mexico” policy that ensured a mere application for asylum would not be a free ticket into the United States. At the same time, Obama-era “catch and release” for minors and family units has made a comeback. As word has spread of this lax enforcement, more and more migrants throughout the world are attempting the journey.