I sat and read a piece from the Arab Times this morning....over Iran. It had this new twist to the economic crisis confronting Iran.
In the way that the US has Mexicans come and take up low-wage type jobs....Iran has the same type of 'vehicle'. In their system, Afghans cross the border, and end up with the minimum-wage jobs.....well, up until the last two or three months.
What the Arab Times reports is that around 442,000 Afghans packed up in the first seven months of 2018, and left. Chief reason? Financial uncertainty, jobs diminishing, and lack of cash.
They suggest that the trend was already underway in 2017, and seem to suggest an acceleration.
I see two issues here. First, the work slow-down is reaching the level where you can't predict economic stability. That's a pretty bad indicator when talking economics.
Second, most of the jobs that the Afghans occupied were the same type that you see in the US, and that the Mexicans took up.....mostly because Americans refused to do them. So you have to wonder, if the Afghans aren't there.....who exactly is going to do them? I might go and suggest that a fair number of these jobs were in the agricultural sector, so it'll eventually affect the delivery of ag-products to the market sector.
Improvement anywhere down the line? In 2018? No.
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