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If this specific attack on the power of labor were matched with a corresponding attack on the power of capital, it wouldn't be such a problem. Unfortunately, i
by crdoconnor 11y ago
If this specific attack on the power of labor were matched with a corresponding attack on the power of capital, it wouldn't be such a problem.
Unfortunately, intellectual property rights are only getting stronger. Land rights are only getting stronger. Taxes on wealth and unearned income are only getting lower. Employee and union rights are only getting weaker.
Thus the effect of immigration on the downward pressure on wages is magnified.