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"the new workers don't displace jobs as much as they also create them." I doubt immigrants raise wages. They increase the supply of local labor without commens
by crdoconnor 10y ago
"the new workers don't displace jobs as much as they also create them."
I doubt immigrants raise wages. They increase the supply of local labor without commensurately increasing local demand (immigrants habitually save and/or remit their disposable income, spending as little as possible to get by).
- boomboomsubban 10y ago>immigrants habitually save and/or remit their disposable income, spending as little as possible to get by Source? As it seems like a massive generalization that doesn't reflect what I see from my immigrant neighbors.
- jdietrich 10y agoMigrants living in the US exported $133bn in remittances in 2015. https://www.weforum.org/agenda/2016/11/migrants-sent-half-a-trillion-dollars-home-in-2015-these-maps-show-where-the-money-went https://www.weforum.org/agenda/2016/11/migrants-sent-half-a-...
- intended 10y agoBuying or building a house is always going to have a floor value, because housing norms and restrictions are followed.