3 ms·

It isn't you are just changing the mix of who is coming. One could argue that decrease low skilled immigration and upping higher skilled immigration would boost

• deleted 10y ago
  [deleted]
• bko 10y ago
  I guess it's under the whole idea the immigration drives down wages. It's likely true that it does drive down wages for certain individuals but the net impact is at worse break even. Wages are an expense after-all, and if you cut the expense and prices go down, everyone benefits by at least the amount that the price had dropped. Some lose out by losing their job so their losses would be offset by the gains of others by having lower prices. This ignores the fact that more people are buying the product at the lower price. And this also assumes that markets are competitive and that the company can't just continue to charge the same price and pocket the difference, which I don't think is unreasonable in a competitive market economy. So the many get lower prices, and pay taxes that compensate the concentrated few that are affected by the job losses or lower wages.
  • Houshalter 10y ago
    Companies benefit a ton from cheaper labor. But the existing laborers lose out because of competition driving down wages. There might be a neg positive effect on the economy, but the benefits go to the rich and the immigrants, at the expense of the local poor and middle class. Prices are not going to fall that much because of immigrant labor, and certainly not enough to make up for the decreased wages.