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Only people in upper class believe that more "low skilled" labor will help the middle and lower class. Take Jeff Bezos. He doesn't like to pay salaries to ware
by unglaublich 5y ago
Only people in upper class believe that more "low skilled" labor will help the middle and lower class.
Take Jeff Bezos. He doesn't like to pay salaries to warehouse employees, but his employees will not give up the few dollars per hour that keep them from starving and homelessness.
Now, we flood the "low skilled" labor market. What if there are twice as many workers available? Sure, someone will be willing to swap unemployment for a job with a somewhat lower salary?
Now, instead of companies competing with each other for labor... we have workers competing with each other for jobs! That's fantastic news for the upper class! They will work for peanuts, because otherwise they'll starve and have to live in a car in a poor neighborhood... checkmate!
- astrange 5y agoNo such thing as competing for jobs necessarily, because you can’t run out of jobs as long as there’s demand. More people = more businesses = more demand. (If immigrants made you poorer then so would your neighbors having children, and the way to get richer would be killing your coworkers.) Thinking you can run out of jobs is an artifact of the US’s bad monetary/industrial policy from 2000-2020, but if you look around you’ll see that’s over. We’re in a full employment economy now.
- diordiderot 5y ago> as long as there’s demand. So how could we generate more demand?
- therealdrag0 5y agoThe point is humans generate their own demand. We can new immigrant family in turn is buying all sorts of things.
- diordiderot 5y agoyou generate demand by having money to pay for things