Glad to see more people exploring this idea…
•hedge funds would hemorrhage “asset values”
•bank balance sheets would go negative into the multiple trillions
•many if not most mega corps would either collapse, or, they’d scream for bailouts
•landlord swine would be setting their rentals on fire for the insurance money
•the entire insurance industry would collapse for that matter
•small business enraptures would absolutely return to the markets
***important note: under the conditions listed below, if the money printing continued to bailout all these ridiculous asset prices —in an attempt to save the fake billionaires/trillionaires and bankers— the US would see Weimar style USD hyperinflation
—Your terms are absolutely acceptable…
What would America look like if 55 million Visas were cancelled and all the illegals were deported?
Let's deep dive it.
If 55 million visas were cancelled overnight and all the illegals were deported, America would change in ways few could imagine.
At first it would look chaotic. Hospitals short on nurses. Tech firms unable to staff support teams. Crops left to rot because migrant labor vanished. For a few months, the headlines would scream collapse. But then something else would happen.
Wages would climb. Automation would soar. The price of an hour of work would be valuable. Trades and apprenticeships would surge. Competence and ownership would return to our society. Hospitals could bill people instead of government. Colleges that depended on foreign tuition would close, but community colleges would thrive again as Americans re-trained. Housing prices in major cities would fall for the first time in decades. Renters would finally have leverage. Families that were priced out could buy homes again.
The GDP might dip at first, but the money would start circulating locally. People who thought they’d never matter in the economy would suddenly be needed again. The country would remember how to build, grow, fix, and teach without importing labor. It wouldn’t be easy, but it would be ours.
(U.S. Bureau of Labor Statistics, 2024; DHS Yearbook of Immigration Statistics, 2023; Borjas, G. “Labor Market Effects of Immigration,” NBER 2018; U.S. Census Bureau, 2024 ACS; Institute of International Education, 2024 Open Doors Report.)