4 ms·
> which will increase wages and lower cost of living (real estate) pressures. this is nonsense
by dylkil 5y ago
> which will increase wages and lower cost of living (real estate) pressures.
this is nonsense
- fighterpilot 5y agoWhy? It should increase low-skilled wages since you're removing a chunk of low-skilled labor supply. It'd reduce rents by a little since the housing stock remains unchanged but demand is reduced, but the effect is probably small. Bad for the economy overall but these two claims seem pretty straightforward.