Capitalism is structured on the presumption of infinite growth. Nations compete the same way corporations compete, using GDP growth as their primary metric instead of profit. In order to continually spur population growth a strategy of both domestic births and immigration is usually used.
Unfortunately that permanent foot on the gas pedal puts wear and tear on the engine, to use analogy. Immigration, for example, does have a dampening effect on wage growth because it increases labour supply while also encouraging inflation because it prevents a sympathetic reduction in the monetary supply. Meanwhile of course the upwards pressure on profits also encourages wage stagnation and price increases / inflation.
And that's not even touching the topic of culture shock from immigration waves triggering local bigotry and tribal fear by the way, which does spill over to trans people. As is the theme of my reply, these things are all obnoxiously interconnected and few are willing to reckon with that.
Add on top of that a global pandemic that sent every economy in the world into an unpredictable mess, and corporate greed amplifying that issue as they frequently used supply chain cost increases as a justification for price increases well above those of their costs resulting in record profit statements despite constant complaints about economic instability from voters.
By the way, this is part of why the 2024 US election was characterized by everyday people insisting the economy was broken despite stock indexes indicating the economy was booming. Profit-earners were doing great, wage-earners were not.
But of course, since all of this gets really complicated (I barely scratched the surface and I'm very much not an expert either) and most people want simple solutions... instead of examining the systems at play and making careful pragmatic changes, it's much easier to isolate some minorities to blame to keep everyone's attention.
Immigrants and trans people are often the first targets because they're such small percentages of the population. Being a minority is being vulnerable by default.
TL;DR - and just this girl's opinion - capitalism (especially Reaganesque free market capitalism) is in genuine distress, and when society is in turmoil minorities always pay.
