3 ms·
When market conditions drive up the price of labor, the owners of large companies will: 1. legally or illegally bring in (or lobby the government to allow) an
by fallingknife 6y ago
When market conditions drive up the price of labor, the owners of large companies will:
1. legally or illegally bring in (or lobby the government to allow) an immigrant workforce to increase labor supply and drive down wages (e.g. us low skilled labor market)
2. collude with other companies not to compete over workers (e.g. tech industry anti-trust action from a few years ago)
3. pass laws against compensation reaching market levels (e.g. US during wwii, Taiwan today)
4. use forced labor (e.g. China today, US 1800's)
I don't like it anymore than you do, but it's not new, and I wouldn't call it "silly"