VDARE.COM's D.A. King recently argued that there could be as many as 20 million illegal aliens in the U.S., rather than the 8-12 million estimated by the federal government.
Now Bear Stearns financial analyst Robert Justich estimates in a forthcoming paper, "The Underground Labor Force Is Rising to The Surface," that, based on remittance and construction data, the illegal population could be…18-20 million! ("Going Undergound: The Shadow Economy is about to top $1 trillion – at a great cost to many," by Jim McTague, Barron's, December 31, 2004.)
Justich also supports Ed Rubenstein's contention that illegal immigrants working off the books are responsible for a massive undercount in recent job growth.
The jobs just aren't going to Americans.
Remember the whole debacle of the illegal aliens employed by Wal-Mart who were discovered in a raid by DHS agents?
Facing deportation, they filed a class-action lawsuit against Wal-Mart for what their attorneys called "slave wages" (which turned out to be between $8 and $12 dollars an hour) and unfair working conditions.
If you don't know this game, the lawyers will get maybe a third of any settlement—plus costs.
We at VDARE.COM like to provide our readers with the opportunity to give feedback, so here goes:
James Linsey of Cohen, Weiss and Simon LLP
Email:
JLinsey@cwsny.com
Thomas Ciantra of Cohen, Weiss and Simon LLP
Email:
TCiantra@cwsny.com
Gilberto Garcia of
Garcia and Kricko
Email:
krickogarcia@aol.com
Enjoy!!
