7 ms·
I think you're ignoring the effect this will have on lower class wages. Millions of people will replace those jobs taken by illegal immigrants, most of whom wer
by dukeluke 10y ago
I think you're ignoring the effect this will have on lower class wages. Millions of people will replace those jobs taken by illegal immigrants, most of whom were working below minimum wage. That will tighten the labor pool of lower class jobs, and may lead to wage increases for the poorest in the country.
- megous 10y agoBy the same logic you may try to destroy some capital (machines in factories, etc.). That would also place increased demand on labor. The point is that reduction of capital or labor (in this case) does not cause increase in prosperity overall. It does not add anything to the economy, it just takes away. Even in recession, if you're getting poorer, it does not make sense to create pressures for general price increases by taking away stuff or people from the economy. It just makes your slide into poverty faster.
- dukeluke 10y agoYour argument would be true if the lower and middle classes were benefiting from the growth of the economy, but it hasn't much at all.