Illegal Immigration Profits
June 11, 2011
Kevin Baker, The Street
6/9/2011
Cheaper to deport ’em!
The free market conservatives in Alabama, Arizona, Georgia and Florida must really love illegal immigrants.
Instead of subjecting undocumented workers to back breaking, minimum-wage work, new laws are being passed to provide free room and board for them within the prison system. With the trend toward privatization, every new illegal immigrant prisoner is now a potential source of corporate revenue.
The two public companies positioned to collect around $90 per day for each inmate housed are both ‘Buy’-rated by TheStreet Ratings. Corrections Corporation of America(CXW_) rated at B- and The GEO Group(GEO_) rated at B, are leaders in the private prison industry.
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Harold