Sunday, March 26, 2006

"Day without a Latino"

I had read about this in the Milwaukee J-S on Friday, and Jonathan brought up a great point.

Here's the article:

http://www.jsonline.com/story/index.aspx?id=408736&date=3/16/2006

And here's J0n's comment:

"...there was a article about a peaceful rally in Milwaukee about keeping unregistered migrant workers. If possible, could you possibly put that as one of the forums so we can debate what the economy would be like if we sent all the unregistered immigrants back or if we made them legal US citizens. I personally would think it would be interesting. Thank you."

An excellent point - one that I have a decided opinion on, but will keep my mouth shut so you can think it through. :)

I like these opinion ones. They're awesome to get your brain juices flowing, and your economic reasoning hats on.

I'll check in tomorrow - but will be incommunicado on here until Wed evening. See you in class!

KM

18 comments:

schmid said...

gThis doesn't relate to the article. So I was at work this morning setting the ad. We had a 1 week sale, and a 3-day sale to set. I noticed that for quite a few of the 3-day sales, the sale price was exactly the same as that for the 1 week. We still had to put the 3 day sale up in front of the 1 week, even though it was the same, except for the 3 day sale sign. Why would we have to do this? Is it because the customer thinks that the sale is only good for three days? By the customer thinking there is less time, isn't the product more inelastic then? Does this increase sales? What do you think?

freejon said...

Getting back to the original article. Unregistered immigrants mostly do physical labor. They "steal" the jobs that no one really wants, but there are consequences for entering the US illegally. The US government should have probably realized that we need more immigrants to do the labor intensive work and let more in so they wouldnt have to come in illegaly. Also, if we deport them, then supply will go down because the product will be produced slowly since there will be less of a labor force. If we are just concerning ourselves with the issue of econimics, then we should probably keep them here and get them a citizenship.

freejon said...

In accordance to what sarah said, a sale, i believe, is any product getting sold below the retail price. If target sells a dvd for $15, and the retail price is $30, then its a sale, even if they dont announce it. This can also mean that they can post a sale and increase the price to up to $29. They actually do this because this happened to one of my friends.

I think that makes the product elastic still, because there is a huge difference on the number of sales as the price increases and decreases. It does not really matter what the customer thinks about the price if its inelastic.

Bethany said...

I think I know what the economical answer to this would be. I think it has been strongly pointed out that all trade is good. According to this common idea, we should get rid of all immigrant laws and quotas. But, I can see why people would be upset in the short run because immigrants would be taking away jobs. Then again, shouldn't it be a priviledge to be a citizen of the United States?

Bethany said...

In response to Sarah's question, I believe the demand would shift for the sale items because consumer expectations change. I think demand will increase. I don't know if the store would receive more profit than normal because I think it depends on how discounted the price is on the item. I think this is a brilliant sales ploy.

cranjos said...

we talked about this in government one time...mr. swantz was telling us how different america would be without immigrants, both legal and illegal. it was during that time last semester where that crazy group of people armed themselves and started protecting the borders with the hopes of eliminating all illegal immigration...yea, dont think that worked out real well.

schmid said...

Immigration is good. It gives America its diversity. Immigrants who come to America are usually looking for a better way of life, and as a result they are motivated to work hard for that way of life. There should not be so many immigrant laws and quotas. Although some people are concerned about immigrants taking away jobs from American citizens, immigrants should get a chance to come to America and contribute to its economy. There should not, however, be any extra government aid given to immigrants (such as not having to pay taxes on a new business). The playing field should be equal for both U.S Citizens and Immigrants. If everyone has the same opportunities everyone is motivated to work hard for their goals helping out economy in turn.

In fact, some immigrants may be better at doing certain jobs then U.S citizen's are, and therefore may have the comparative advantage in producing a particular product that will help the economy. After all trade as good and it can help build a stronger economy. I agree with Bethany, and how it is a privilege to be a U.S citizen. So in the end, I believe that immigration is a positive contributor to the economy.

cranjos said...

i dont mean to change subjects already, because there arent all that many posts concerning this topic yet, but what would life be life be like without cheap and child labor...although no company admits it, in smaller countries where news doesnt get publicized, young children are working for them, and even in places here in america, illegal immigrants get paid lower than minimum wage...its immigrants, like the immigrants in this article, that are just happy to be here in america and have a job, so they're willing to work for cheap labor

forsnic said...

basically america wouldn't exist if no immigrants were allowed in. without factory workers in other countries we wouldnt have half of what we have today. i mean what is actually made in america these days? although i am not one for having immigrants overpopulate our country more than it already is, i see where they are coming from and why they would want to come to america. if they are hardworking and contribute to society they should be allowed to become citizens. some of them more so than some of the people who are legally born here and sit on their butts.

Annie said...

The real problem with altering the immigration process whether it be letting less or more in, really depends on the larger companies closer to the borders. WIth competition and world price, it seems that the United States needs to have these people to even compete with other companies world-wide. It does seem unfair that people that are new to the United States are taking so many jobs, yet in an economy sense it is good for competing companies, without cheap labor many companies could not be competitive domestically and world wide.

Annie said...

I also remember doing an activity in Human Geography about many American companies building a factory across the border because they know how many employees they would be able to hire quickly for a higher price. While this seems highly unethical, it did end up helping people in the long run because many of these factory workers were earnign the same wage if not more than another job that they had. So is it fair to these people? This makes me think of another question: what if the United States didn't deport any jobs....to for example India and the telemarketing they do...what if all those jobs were still in teh US? Wouldn't companies be at a loss because the supply would be a lot higher than demand? With so many more jobs in the United States would the employment rate go down? Or would the supply curve just move to the right and then have to come back to the left to meet equilibrium? IN essence, my question is "would companies be producing etc at a less than efficient rate"

Annie said...

I have one more random comment: HOw could it be economical for a grocery store to stay open 24hours a day....when so few people comein late at night?

DrFeelGood said...

i just want to say that after a week has gone by since my vactation, i am still behind and im going to break the trip down in economic point of view:
Explicit costs- house on beach for one week --- too much, more than teachers make in a month
- plane tickets --- $95
- food --- $400
- Ron Jon stop (a must) --- $100
Implict costs- so far behind i am in freshman year
- friends here
- videogames here
WAS IT WORTH IT --- add up the costs and decide for yourself
(i think NO)

DrFeelGood said...

to add to malcoms quote on the board "worrying is like a rocking chair, it gives you something to do but it doesnt get you anywhere", or something like that. if there is ever any nervousness when doing econ HW just remember this: "all you need is scented candles, massage oil, and Barry White. Write that down"

KM said...

I'll comment on Sarah's question later - after some of you get a chance to read it. I just wanted you to know that I *have* been here. :)

Josh brings up a terrific point on child labor and overseas labor...any other thoughts? What does that do to overseas markets? What does that do to price?

How does the Walmart phenomenon fit into all this?

Outstanding points on labor - which will be terrific when we get to labor markets, too.

Why does that 24 hour store stay open? There must be an economic reason for it.

Why do we ship jobs overseas?

What about the money leaking out - for my thesis two years ago, I looked at the money that immigrants (legal and illegal) sent home from jobs here - it was estimated for the year 2000 that some $3 billion was leaking into Latin America from the US. What does that do? (Sorry, don't remember my source off the top of my head)

And Nate, nice analogy. If you're lost, let me know so we can get you caught up.

Same with you, Joe.

For that matter, same for anyone. :) Have a nice 2 days without me torturing you.

NicolleM said...

Torture? Compared to outpus? Okay, not torture, but I have some questions. I'll ask tomorrow.
On immigration, I agree with Johnny. I think that immigrants are good for the economy. It's true that our society has gotten used to the fact that they don't really have to do the yucky jobs, and if we deported the workers, the supply would drop. Yeah...bad idea to deport them, from an economic point of view

forsnic said...

in regards to sarah's observation/?, shopkoians should know this inner working stuff! jk sarah. i would have to say that since the 3-day sale is shorter (obviously) than one week, the consumer would think that they only have a limited amnt of time to make their decision to purchase it or not, and bec they think the sale only lasts for a short time, they are more likely to buy while they are there on impulse. rather than if its a week long sale they have the opportunity to come back, while chances are most wont if they didn't really need it.

forsnic said...

hey annie, i sometimes come in to sentry (since that is what ur probably referring to) at one or two when picknsave is closed. it is economical if they are still able to cover their variable costs and hence stay above the shut down point. well they probably wouldnt shut down just reduce their hours, but o well.