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> That's weird. Economists regularly find that more supply decreases prices, and that this holds true for the labor market as well. You seem to be suggesting t
by wtetzner 8y ago
> That's weird. Economists regularly find that more supply decreases prices, and that this holds true for the labor market as well.
You seem to be suggesting that immigrants aren't also consumers.
- luckylion 8y agoIf you're talking about buying stuff at the grocery store: sure, but it's not a 1:1 offset. You don't need to hire an extra employee to serve an extra customer. Over all, more labor supply = lower wages. That's really not a wild theory, and I personally haven't heard anybody claim that it's not true, but would love to hear your take on it. What typically is a response to realizing that is to try and regulate the labor market more so supply and demand don't set the price, i.e. minimum wage, fixed wages, or some other way of making the labor market work less like a market.