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This is an evasive response. Simply put, do you believe that increasing the labor supply, in the reality that exists today, is subject to the law of supply and
by teakettle42 4y ago
This is an evasive response.
Simply put, do you believe that increasing the labor supply, in the reality that exists today, is subject to the law of supply and demand, or not?
If so, then aren't you agreeing that the parent commentator is actually correct? If not, why not?
- turtledove 4y agoI do not believe it's subject to supply and demand. For several reasons. Labor is not fungible, even so called unskilled labor is actually quite skilled and requires significant training. (Put me in a strawberry field and I guarantee I'll be slower and worse then existing workers.) Several sectors are struggling to hire workers, and have been for a long time. But until the pandemic, they really didn't see much increase in pay, despite demand. We have regulated price minimums on labor. Unions exist, and can ensure increased labor pool doesn't dilute pay. The number of immigrants is small relative to the number of working Americans. And the rate of their arrival is slow. Also, we require working people to have work visas, further limiting the number of people who can impact labor pool.