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But this is all else being equal, which is the “lump of labor” fallacy. It’s not obvious that skilled immigrants have the net effect of reducing the wages of n
by zamfi 7y ago
But this is all else being equal, which is the “lump of labor” fallacy.
It’s not obvious that skilled immigrants have the net effect of reducing the wages of non-immigrants with those same skills — tons of new firms are started by skilled immigrants and/or their kids, and the current SV economic expansion particularly so.
So, sure. If you already assume that the pie is of fixed size and a skilled immigrant reduces the work available to others, then you can draw the conclusions you do. But otherwise it’s a weak argument.