It’s up because it didn’t work. The investment never happened so the harvest rotted in the fields and Christmas dinner was going to be cancelled so the government quietly reversed course.
It was utterly clueless to expect such big changes to happen overnight.
If businesses had confidence in the government to not reverse course, they might have done something.
But now, any company that did hire domestic workers was left holding the bag and the government created a moral hazard setup on subsidizing being unresponsive to immigration policy changes.
It was utterly clueless to expect such big changes to happen overnight.