Link. JD Vance says it may have a major effect. One side or the other is correct.
JD gets his data from reading the entrails of a slain Springfield, Ohio pet.
The Dallas Fed uses real data.
If the Israelis blow up Iranian oil facilities because they feel like it, figure that one out; guess at the per barrel crude effect leading to a pump price effect. Yet we're giving them the bombs.
And then, there is the question is Dallas Fed concentrating on wage inflation, or some other measure? Assessing all effects of labor mobility policy is not easy. Nor is trusting the Dallas Fed or JD.
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[NOTE: Adding the "Israelis link" was done as an UPDATE]
FURTHER: Krugman, op ed:
No, immigration isn’t raising your rent
There are multiple reasons to dispute this debate assertion by JD Vance.
The New York TimesBy Paul Krugman
October 4, 2024 at 11:12AM
For now, Strib carrying the feed is not paywalled (as my browser is configured).