Kathryn Anne Edwards

So we said at the top of this that when you look at men and women's employment, they don't hold the same jobs.

Immigrants and natives don't hold the same job either.

So if I were to tell you my answer for male employment is I'm going to fire half of nurses in the U.S.

and then men can take their jobs, you would just be looking at me jaw-dropped like, no.

That would never work.

You'd have to train those people.

They'd have to get the right job, and they don't want those jobs anyway.

They don't see it as a male job.

But if I tell you that we deport immigrants and then Americans will take them, you know, we have such an underlying racism and nativism behind it that you'd fall for that argument, but you wouldn't fall for the male-female one.

But from the labor market's perspective, they're relatively similar.

Not everyone wants the same job.

If you deport someone from a job they're holding, it's not clear that just anyone can slot in.

We have these patterns in the labor market because we're human beings, right?

We're not cogs.

We're not worker bots.

So the underlying economics is when you reduce the number of workers in our economy, you reduce our economy.

Full stop.

I haven't seen much yet because I think everyone is hoping that it's quick and transitory.

You know, the official line from the Federal Reserve is that they look through, quote unquote, things like this, where they're trying not to, gosh, I'm so bad at metaphors, mistake the forest for the trees.

Is that it?