Part 5/8:
Transitioning to an often controversial topic, Dow discusses the impact of illegal immigration on the U.S. economy. He notes that while mainstream narratives emphasize positive contributions, the influx of 10 to 15 million immigrants has exerted downward pressure on jobs and caused strain on housing markets. According to Dow, the sudden halt of this wave during the Trump administration may be deflationary, alleviating some pressures on middle-class workers.