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It's really doubtful whether a labor constrained labor market helps _all_ local workers. Sure, some may see a benefit. Others might see employers cancel project
by andrewjl 3y ago
It's really doubtful whether a labor constrained labor market helps _all_ local workers. Sure, some may see a benefit. Others might see employers cancel projects and reduce planned investments, due to more expensive inputs driven by higher labor costs.
- s1artibartfast 3y agoI think it is pretty definitively good for their competitors. This is different than all labor or all local workers. If you're one of a few workers that do X and everyone wants to do X, this is a good thing for you.
- andrewjl 3y agoSo the right move then is to structure the economy around what's good for Big Tech workers? Sounds like it'd be a pretty popular cause. /s
- rhaway84773 3y agoThis, in fact, is exactly what is happening in the UK since Brexit, when UK employees lost access to a vast pool of foreign EU workers.