> A higher supply of cheaper labour does contribute to the reduced pay but by far the biggest influence is the stagnation of wages over those 3 decades. This o

> A higher supply of cheaper labour does contribute to the reduced pay but by far the biggest influence is the stagnation of wages over those 3 decades. This only applies to low skilled, replaceable jobs and certainly not the high skilled ones. Because eventually there is a demand for better employees (which naturally comes with experience and skills) which leads to higher wages and wage growth. Look at what's happening in SV.