3 ms·
Increasing the supply of labor puts downward pressure on labor costs in general, most specifically at the tier of labor where the labor pool is expanded. The ar
by dougabug 11y ago
Increasing the supply of labor puts downward pressure on labor costs in general, most specifically at the tier of labor where the labor pool is expanded. The article states that most of the labor imported is at the entry/journeyman level. Driving down the wages of less senior tech workers allows companies to target more dollars to elite talent and executives, so I don't see how inequality is reduced in this instance. Arguably importing more O-1 workers might have the effect you describe.
- yummyfajitas 11y agoInequality between the US and India is vastly larger than inequality within the US. This inequality is reduced by immigration.