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No. The point doesn't still stand. It never stood. All else held constant, increased labor supply means lower wages for all. So, the prevailing wage goes down

No. The point doesn't still stand. It never stood. All else held constant, increased labor supply means lower wages for all. So, the prevailing wage goes down for everyone. Sure, companies have to pay everyone equally, so everyone just gets paid less. It's simple supply and demand. I think some are taking these simple statements of fact as some sort of anti-immigrant rant or advocacy of the current H1-B policy. It's not. But, if you want to fix it, you first have to understand it.

bduerst 10y ago
It is a pretty simple supply and demand curve, but again you're intentionally ignoring the facts about prevailing wage (PW) and operating under the same misconception. H1B visas are only increasing supply for jobs that pay above the PW, not "all" jobs. That means that there is not additional supply for below PW jobs. If anything, the PW goes up because of the increased liquidity for supplying above average wages. This problem you're trying to fabricate is precisely what the PW rule successfully prevents. The question I think needs answering is why are you still trying to make this a problem? Who are you trying to convince - me or yourself? Edit: I seem to have hit a nerve - You've replied three different times to the same thing and are incoherent at this point. I guess you're still trying to convince yourself there's a problem?
- unclebucknasty 10y ago
  >the problem is you're still operating under the same misconception that all demand is met by H1B supply (which is false) >H1B visas are only approved for the average or above average job wage >Hence wages are not going to go down because there is no supply for below-average wages. Wow. This is pretty tortured logic. OK, what I am saying is that when you increase the supply of workers in an industry, the wages in that industry will go down. Whether it's a high or low wage industry, the wages will go lower. Until now, I haven't been speaking to the impact on wages in other industries, however, I fail to see how decreased wages in one industry would not lead to a decrease in the overall cross-industry wage average. It's simple math. In fact, the impact of higher wage earners losing a percentage of their income would have an outsized deleterious effect on overall wages vs. lower wage workers losing that same percentage. EDIT: You've updated your comment three or four times, and you seem to be contorting a bit. So, I will just leave my comment as-is along with the quotes from one of your previous revisions.
- unclebucknasty 10y ago
  >The question I think needs answering is why are you still trying to make this a problem? Who are you trying to convince - me or yourself You've been twisting, contorting, and re-editing ferociously in your war on basic economic theory. And now, I'm making your misunderstanding of supply and demand a problem? Oy vey.
- unclebucknasty 10y ago
  >you're intentionally ignoring the facts about prevailing wage (PW) >H1B visas are only increasing supply for jobs that pay above the PW, not "all" jobs Wait, I think I see part of what's going on here: you're completely confused about how the term "prevailing wage" plays into this context. Look up what the requirement really means. It's linked in one of my comments above.
- unclebucknasty 10y ago
  >I seem to have hit a nerve - You've replied three different times to the same thing and are incoherent at this point. I guess you're still trying to convince yourself there's a problem? Yes, you're absolutely right. And this comment makes it four responses, so that means you must be extra-right. There's simply no other explanation. So, you obviously completely understand now. Very impressive!

bduerst 10y ago

It is a pretty simple supply and demand curve, but again you're intentionally ignoring the facts about prevailing wage (PW) and operating under the same misconception. H1B visas are only increasing supply for jobs that pay above the PW, not "all" jobs. That means that there is not additional supply for below PW jobs. If anything, the PW goes up because of the increased liquidity for supplying above average wages. This problem you're trying to fabricate is precisely what the PW rule successfully prevents. The question I think needs answering is why are you still trying to make this a problem? Who are you trying to convince - me or yourself? Edit: I seem to have hit a nerve - You've replied three different times to the same thing and are incoherent at this point. I guess you're still trying to convince yourself there's a problem?

unclebucknasty 10y ago
>the problem is you're still operating under the same misconception that all demand is met by H1B supply (which is false) >H1B visas are only approved for the average or above average job wage >Hence wages are not going to go down because there is no supply for below-average wages. Wow. This is pretty tortured logic. OK, what I am saying is that when you increase the supply of workers in an industry, the wages in that industry will go down. Whether it's a high or low wage industry, the wages will go lower. Until now, I haven't been speaking to the impact on wages in other industries, however, I fail to see how decreased wages in one industry would not lead to a decrease in the overall cross-industry wage average. It's simple math. In fact, the impact of higher wage earners losing a percentage of their income would have an outsized deleterious effect on overall wages vs. lower wage workers losing that same percentage. EDIT: You've updated your comment three or four times, and you seem to be contorting a bit. So, I will just leave my comment as-is along with the quotes from one of your previous revisions.
unclebucknasty 10y ago
>The question I think needs answering is why are you still trying to make this a problem? Who are you trying to convince - me or yourself You've been twisting, contorting, and re-editing ferociously in your war on basic economic theory. And now, I'm making your misunderstanding of supply and demand a problem? Oy vey.
unclebucknasty 10y ago
>you're intentionally ignoring the facts about prevailing wage (PW) >H1B visas are only increasing supply for jobs that pay above the PW, not "all" jobs Wait, I think I see part of what's going on here: you're completely confused about how the term "prevailing wage" plays into this context. Look up what the requirement really means. It's linked in one of my comments above.
unclebucknasty 10y ago
>I seem to have hit a nerve - You've replied three different times to the same thing and are incoherent at this point. I guess you're still trying to convince yourself there's a problem? Yes, you're absolutely right. And this comment makes it four responses, so that means you must be extra-right. There's simply no other explanation. So, you obviously completely understand now. Very impressive!