User:Enbyclopedia/Mexican-American-Wage-Crisis

The Mexican American Wage Crisis

In 2008, the United States underwent a Sharp Decline in Economic Growth. This was due largely in part to the Fiscal irresponsibility of The Banking Industry. Banking Regulation, Under the Bush Administration, left many loopholes for the Banking industry to allow predatory lending to Middle Class Americans. This was done, not only in the Housing Sector, but in the Credit Card Sector, and In Investment Retirement Accounts. Predatory lending has always been a problem, yet in the years leading up to the Banking Crisis of 2008, many people were simply cashing out on the Annuities that were being Given out to the Middle and Lower Classes of America. Basically, Banks, and their sub-agencies, were allowing people without the proper capital, or property, to take out loans without the proper regulatory standards. Once these loans were taken out, the bank notes or loans were gathered together and turned into Bank Notes. These bank notes were sold as Banking Derivatives, and Traded between banks for Interest or Usury. This generated huge amounts of Revenue for the Banks, yet it left the Middle and Lower class, basically, in a state of squalor, and a state which led them into eventual indigence, or homelessness. This is all too evident by the state of affairs in America, particularly in Florida, and In The Greater Urban Areas of The United States. In The State of Arizona, Mexican Americans Were Racially Discriminated Against. In Texas, They too were racially discriminated against, yet this is not the issue, the issue is simply money. As Immigrant workers are forced out of the Country, they become illegally forced into a situation in which they cannot work. The war in Mexico brings fresh and desperate workers into America, even from Honduras. It is like a dual cascade of desperation. The Immigrants who had established lives here, were slowly ripped from their homes by Legislation, and bigotry, and a war brought new desperate people to come and find work. In between this situation of desperation is an unstable market equilibrium. It is beyond violent. It creates a situation in which not only are citizen's lives at risk because of the desperation of the migrant workers, the violence spreads because of the opportunity for crime because of the Violent Legislation itself. Governor Jan Brewster, and Legislators like her, pass laws, which cannot be enforced. No one is perfect, yet this law had sweeping effects upon the country. I am a citizen, and because of this unstable job market, and the Wage Equilibrium, or lack thereof, which it creates, I cannot find a job, simply on the basis of my nationality. It takes 4 weeks, what used to take 1 week, to find a job as a dishwasher, and I get Half the work hours. This is the reality. It effects everyone. Not only the Mexicans, It Effects the Mexican Americans, and The Middle Class, Because Quite Simply, there is no Market Equilibrium in the Job Market, because of the Legislation forcing deportation of Immigrants. Immigrants provide the service. It is simply bad economics, across the Whole Market System, and as long as it continues, the Economy will tank, and eventually fail. It doesn't matter. The foundation of the economy is the people, and the work that they create. The top 20 percent of people, will not have anything, without a market equilibrium, of the underlying 80 percent. That is the simple fact of the matter.