| If there were no more people to import (because the border was sealed or they stopped trying to seek a better living in the US) then the cost of labour would go up as fewer would compete for the same number of jobs. This would make the cost of labour rise in the US.
A few days ago I heard someone in a seminar discussing remittances, they said that globally remittances from foreign workers are estimated at $120 bil., that the Mexicans send home around $20 bil and that Mexican GDP was $60 bil. last year. |