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You're a) expanding the labor pool with b) people willing to work for less money than the locals. How you think that doesn't drive down wages is beyond me.
by xienze 7y ago
You're a) expanding the labor pool with b) people willing to work for less money than the locals. How you think that doesn't drive down wages is beyond me.
- drewrv 7y agoIt doesn't (necessarily) drive down wages because immigration expands the size of the market, there are more people to buy from and sell to.
- KirinDave 7y agoYou're making a positive proposition in the domain of economics. You're obligated to show evidence of it if you can, or at least propose a mechanism people can debate. It's entirely feasible to do so. But good luck with that; I think the data shows that it's not a very pronounced effect.
- xienze 7y ago> But good luck with that; I think the data shows that it's not a very pronounced effect. Yes, you're right, H1-B visas and offshoring have done wonders for the average US software engineer's wages.