Impact of abundant labor migration on American employees' wages and the economy

Managing director of the International Monetary Fund, Kristalina Georgieva, discusses how abundant labor coming across the border affects American employees' wages. She notes that while it benefits the overall economy, wages are not increasing due to the influx of labor, leading to flat or declining wages, especially for young Americans facing rising rents. The article also highlights the impact of migration on inflation, productivity growth, and the overall economy.