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> It seems that tech workers in the valley have found their own analog to blaming immigrants for downward wage pressure, their particular boogeyman seems to be
by hiram112 8y ago
> It seems that tech workers in the valley have found their own analog to blaming immigrants for downward wage pressure, their particular boogeyman seems to be the robots.
While you'll no doubt continue telling the deplorables that they're racist and xenophobic for failing to welcome their currency and cost-of-living arbitraging foreign-replacements with open arms, could you at least refrain from pretending that the basic laws of economics (i.e supply and demand) no longer exist?
Immigrants increase the supply of labor, and thus lower wages. That's not a boogieman. It's a fact.
- adamch 8y agoPresumably those immigrants also increase demand for food, housing, services, transport, etc. Whether the increased demand outdoes the increased supply or vice-versa is going to vary situation by situation.
- matt4077 8y ago> That's not a boogieman. It's a fact. Nope.... Immigrants are more likely to start businesses than the local population, thus creating jobs. Mostly that's small service and retail businesses. But also Google and Tesla. Plus, obviously, a population increase also drives demand. In fact, for every job that somebody has, exactly one job was somehow created, on average. In your theory, the US could radically lower unemployment by simply splitting up.
- someguydave 8y agoYes and SV is famously flooded with immigrants.