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HN probably thinks you're implying that immigration decreases your wages, but that's not necessarily wrong. By basic economic theory, an increase in the supply
by zelly 7y ago
HN probably thinks you're implying that immigration decreases your wages, but that's not necessarily wrong. By basic economic theory, an increase in the supply of labor decreases wages.
Eventually you get the situation in the U.S. where electricians and union garbage collectors make more than mechanical engineering PhDs, because they aren't importing more electricians the way they're importing engineers.
It's one thing to make a moral or ideological statement on immigration, but it's another to deny the economic reality. Unless we change the way our economy works and how we allocate money, there is a finite amount of capital available to given sectors. Surely no one would argue with the extreme example, like what if every single adult in New York was a roboticist--how much do you think working roboticists in New York would get paid?