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I agreee increasing labor supply can decrease wages. If we allowed uncapped skilled immigration for upper middle class professions like physicians, surgeons, de
by dahdum 7y ago
I agreee increasing labor supply can decrease wages. If we allowed uncapped skilled immigration for upper middle class professions like physicians, surgeons, dentists, engineers, scientists, and more their wages may go down or stagnate. Though in a functioning marketplace, costs will go down and production of goods and services will go up. It’s not a zero sum game.
I’m not in favor of labor supply protections for any highly paid industry, they are not the segment of society that needs a helping hand.