Almost 1 million prime-age Americans were dragged out of the 2015 labor force by Chinese-supplied fentanyl, Mexican heroin and U.S-made prescription opioid drugs, says a report by the American Action Forum, a business-first advocacy group.
The economic impact of this opioid drug disaster adds up to $91 billion in lost productivity during 2015, alongside 42,000 deaths in 2016, says the group, which also advocates for easier migration of foreign workers.
The report shows that 4 million prime American men and women — aged 25 to 54 — left the workforce between 1999 and 2015. The huge departure has been blamed on trade, on technology and the decline in blue-collar wages, and it accelerated in 2008 when the economy collapsed because of the government’s risky and bipartisan push to expand home-ownership.
Overall, roughly one-quarter of the 4 million Americans who quit the workforce were also entangled in drugs, says the AAF report, which does not offer any recommendations for fixing the drug-and-workforce problem.
However, President Donald Trump has repeatedly argued that a border wall can reduce the flow of drugs, and that immigration reform will raise wages, drag Americans back to work, and away from drugs.
In fact, an economics paper cited in the AAF report noted that:
Although labor market shifts that have lowered demand and wages for less skilled workers have not been a focus of this study, policies that raise after-tax wages for low-wage workers, such as an increase in the minimum wage or expansion of the Earned Income Tax Credit, would also likely help raise labor force participation.
Post-2015 data shows Trump’s immigration-and-drugs plan seems to be working. For example, since 2014, the number of Americans who say health problems keep them from working has fallen by 1.5 million as CEOs are forced to hire marginalized Americans workers because populist voters have blocked multiple amnesty bills since 2013.
— Ernie Tedeschi (@ernietedeschi) March 15, 2018
Breitbart News reported March 25:
The AAF report carefully explains the economic and civic impact of the drug disaster:
The report also cites other studies’ estimate of the accumulating economic cost of the drug crisis:
Four million Americans turn 18 each year and begin looking for good jobs in the free market.
But the federal government inflates the supply of new labor by annually accepting roughly 1.1 million new legal immigrants, by providing work-permits to roughly 3 million resident foreigners, and by doing little to block the employment of roughly 8 million illegal immigrants. Nationwide, the resident population of foreign guest workers includes roughly 1.5 million university-trained guest workers, such as L-1s and H-1Bs.
The Washington-imposed strategy of economic growth via cheap-labor mass-immigration shifts wealth from young people towards older people and to investors.
The strategy floods the labor market with foreign labor; it spikes profits and Wall Street values by cutting salaries for manual and skilled labor offered by blue-collar and white-collar employees. It also drives up real estate prices, widens wealth-gaps, reduces high-tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high-tech careers, and sidelines at least 5 million marginalized Americans and their families, including many who are now struggling with opioid addictions.
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