I meant student visa counts but I expect that the schools do probably have their own limits as well (official or unofficial as may be).
It’s a proposed law that would require employers to verify that potential employees are legally in the country by checking a government database. It would give the government the evidentiary basis for locking up employers, which is expected to be the thing that would cause the number of illegal aliens working in the country to fall off a cliff.
Trump won’t mention the thing.
The cost of living in the city and in the countryside is wildly different (largely because of the price of land). Workers in the city need to be able to live there, which means that there’s a lower bound on salaries that is very high. In the countryside, that number can and should be much lower.
Minimum wage laws apply across the whole country and the average value of the dollar is the product of these market forces - one pushing up and the other pushing down.
The rate of inflation is set to match the general growth of the total US marketplace - which includes high growth industry like software and low growth industries like rice farming.
If you split the money supply, the countryside effectively becomes a separate country with a currency that isn’t being dragged upwards by city dwellers. It also becomes practical to keep two separate minimum wages. We would expect, over time, for the two currencies to drift from one another with the value of the urban dollar going up to match Switzerland and the value of the rural dollar to drop down to match Mexico or Hungary.
We would expect this to drive investment towards developing out production capacity in these regions, since production closer to the sales point is cheaper and the workers would be speaking the same language as the people at HQ.
Any location picked for development would risk becoming wealthy enough to migrate back to the urban dollar, so this would incentivize businesses to spread it out and develop more smaller bases of production.
It would become difficult for people in the rural area to visit the city, unless they’d found employment there. It would become very cheap for urbanites to tour the country, retire out there, choose a simpler life after racking up urban money for a few years, etc. We’d expect that the cities would become slightly less popular and that there would be a larger quantity of migration from the cities back out into the countryside, reversing the trend of brain drain that we have today and the natural separation of experience seekers and traditionalists that helps to generate the culture war.
In theory.