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The increased demand is the other side of the squeeze on regular people driving the housing prices up. So they lose bargaining power both with their employer an
by blfr 8y ago
The increased demand is the other side of the squeeze on regular people driving the housing prices up. So they lose bargaining power both with their employer and their landlord or developer.
Meanwhile many other goods are manufactured outside of the US, benefiting primarily the mega corporations who can do international arbitrage on physical products.
There's also the third side of the squeeze where the native workers desperately need to contrast themselves from the millions of migrants. They do it by going deep into debt to get a college degree from an American university, which then goes completely unused except for its signalling value
the official rate hides more troubling realities: legions of college grads overqualified for their jobs
- maxerickson 8y agoThere's plenty of room to build housing, high prices are a result of bad policy. I agree that manufacturing capital will serve itself. I also agree that credentialism is a problem but I don't think it is particularly impacted by immigration.
- cjalmeida 8y agoOh, please. If your educated, English speaking, healthy, native born fellow can’t compete for jobs with an Honduran refugee that can barely spells his name; the problem might not be with the migrant to start with.
- JoeAltmaier 8y agoThe Honduran will be cheaper, and there's no competing with that for many labor jobs. Which are disappearing, which creates the problem. Labor a shrinking market demand and a growing supply, and we're not going to fix that.