The masses of our people don’t appreciate it when you say you can chase out every single immigrant, illegal and legal, and unemployment would not budge.
In fact, there are decades-long studies showing that removing immigrants from an economy causes unemployment to spike for native workers and for the domestic economy to contract.
This is not difficult to understand when you consider that native-born workers and undocumented immigrants aren’t perfect substitutes, because immigrants often accept extremely low wages, which means removing them increases labour costs for firms, leading to lower hiring rates AND lower salaries for locals.
Second, undocumented immigrants, like everyone else, buy goods and services, so removing them naturally causes broader economic contraction.
One could say the “patriot” community is targeting illegal immigrants specifically (they’re not). But even if we go with that, the thing is that the occupations that are common among undocumented workers like construction labourers and cooks, are essential to keeping businesses operating.
So, when construction companies lose labourers, they also reduce the number of site managers they hire, and when restaurants lose cooks and waiters, they can’t stay open to employ suppliers, who are more likely to be born locally.
The only solution is for the masses to organise themselves to force their government to radically overhaul the economic system to build a better future for their children.
But, of course, humans are emotional beings, and immigration is an emotive issue and like babies, the people want what they want.
he CFO Checklist
You just started as a new CFO?
Here are 20 things you need to do to be a successful CFO:
1. Establish a working relationship with the board of directors
2. Develop a strategic plan for the next 3-5 years
3. Assess the current financial position of the company
4. Evaluate existing financial systems and processes
5. Identify areas for cost savings and revenue growth
6. Develop a comprehensive budget for the upcoming year
7. Review short-term and long-term financial goals
8. Establish financial policies and procedures
9. Review the company’s banking relationships
10. Develop a cash flow management plan
11. Develop a capital expenditure plan
12. Review current investments and make recommendations
13. Evaluate current tax strategies and make recommendations
14. Develop a risk management strategy
15. Establish internal controls to ensure compliance with applicable laws and regulations
16. Develop a financial reporting system
17. Establish a system to track key performance indicators
18. Evaluate current contracts and make recommendations
19. Develop a strategy for debt management
20. Review existing compensation plans and make recommendations
👉What esle would you add?
1. MZILIKAZI'S MIGRANT KINGDOM SOUTH OF THE LIMPOPO 🇿🇼🇿🇦
After the acrimonious fall out with Shaka, King Mzilikazi and his people crossed over uKhahlamba/Drakensberg mountain range. They then temporarily joined forces with Nxaba a chief of the Nguni Msene around 1822-23.
Nothing is better than a bowl of soup to keep you warm. It's the perfect winter companion and we've got just the recipes for you to try. | @YouMagazine
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