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Immigration can be used to suppress wages, if there are way more workers than jobs. The other end of that balance produces high inflation, as employers have to
by snowwrestler 4y ago
Immigration can be used to suppress wages, if there are way more workers than jobs.
The other end of that balance produces high inflation, as employers have to continuously raise wages to recruit from competitors, and continuously raise prices to cover increasing wage expense.
- gadders 4y agoMaybe a rule that says "Companies can only hire non-native workers if their profit is below XX%." (I realise this is a game-able statistic so would need to be a bit more complicated than that). Of course, the other option that companies can take is to increase productivity by investing in automation, training etc so each worker provides more output to justify their higher cost.