Wikinvest Wire

Like selling apples in the Great Depression

Saturday, November 07, 2009

Anyone who has lived in the southwestern part of the U.S. for any length of time over the past few decades will surely appreciate how grave the situation has become for some Americans when considering that the ranks of day laborers standing on street corners in the morning are no longer restricted to recent immigrants and illegal aliens.

It should be clear to even the most casual observer that the biggest busts have occurred in parts of the country where the biggest booms once flourished - that would be California, Nevada, and Arizona - where tales of woe are now spreading as fast as home prices rose back in the first half of the decade.

The poll to the right from a recent story in the Las Vegas Sun (hat tip EU) reflects the current state of affairs for 551 people in and around Sin City where many are now hoping that the wave of foreclosure sales - homes that once sold for $300,000 now flying off the shelf at around $100,000 - will somehow revive the city's economy to its mid-decade glory.

At this point, they'd probably be happy with simply getting back to a slightly larger fraction of the activity that was seen in the Nevada desert four or five years ago, economic statistics produced during those halcyon days likely to be seen only in history books for many, many years to come.

Anyway, it seems that the Smiths and the Joneses are joining the Rodriguezes and the Hernandezes outside of Home Depots.

To wit:

The new faces of day labor
U.S. citizens are joining immigrants in store parking lots

It sounds like a George Lopez joke.

“Times are so bad that I saw an Anglo day laborer standing outside Home Depot the other day.”

Except it’s true.

In the latest sign of the Las Vegas Valley’s economic free fall, U.S. citizens are starting to show up in the early mornings outside home improvement stores and plant nurseries across the Las Vegas Valley, jostling with illegal immigrants for a shot at a few hours of work.
IMAGE Experts say the slow-starting but seemingly inexorable trend is occurring nationwide.

“It’s the equivalent of selling apples in the Great Depression,” said Harley Shaiken, chairman of the Center for Latin American studies at the University of California, Berkeley.

But it is not only a sign of the times, they add. If the numbers of citizens among the day laborers in cities across the country continue to grow, it’s likely to increase the ire of followers of TV host Lou Dobbs and others who will see illegal immigrants as stealing food off the tables of the nation’s native-born or naturalized poor.
The whole thing is worth a look, the plight of "americanos" such as 50-year old Ken Buchanan (pictured above) doesn't appear to be all that uncommon around the country with the trend expected to continue for some time.

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Anonymous said...

I live in the San Francisco area.
The number of people looking for work in the Home Depot parking lots have DROPPED dramatically in the last few months.
I think they are finally realizing there is no work at all out there, so they are staying home.

Anonymous said...

Much of the former economy depended upon citizens borrowing from overseas to pay each other to provide services for each other. Now the economy has to get back to manufacturing goods for each other, but their are no domestic savings to build the factories.

The central bank really messed up the economy by preventing citizens from saving (buying capital goods), and encouraging them to borrow so much from overseas to consume.

Stop printing. Let the economy balance sustain-ably already.

Greg in LA said...

I am sick of illegal aliens!
and the companies that hire them.

Every single illegal alien is taking a job away from an american, and the companies that hire them are more than happy to let that illegal alien under cut the wages.

Did you know that the construction industry, as well as the meat processing, agriculture, and service industries all lobby our whored out politicians for increased immigration and amnesty for illegal aliens. All for one very important reason... cheaper wages.

Now that the economy is in bad shape our fellow Americans need these jobs, even with their now depressed wages.

All of us need to stand up for our country, and our people and send the illegal aliens home and decrease legal immigration.

And make buy American!

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