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Because the citizens of the nation don’t want to be undercut by foreigners in the job market. Outside of supply constraints, there’s nothing stopping everythin
by true_religion 3y ago
Because the citizens of the nation don’t want to be undercut by foreigners in the job market.
Outside of supply constraints, there’s nothing stopping everything from being a minimum wage job.
- mrtksn 3y agoA few comments up I wrote why this way of thinking is wrong. Artificial limit of worker supply isn’t doing anything good for the society. FIY, the same argument was made against women’s employment. More people working doesn’t reduce prosperity.
- slaymaker1907 3y agoIt does seemingly benefit workers in the US. I know people who had a huge salary increase, working for the same company, by moving ~150mi from Vancouver to Seattle solely for moving.
- dudul 3y agoAnd yet, before women entered the workforce it was possible to sustain a middle class household on one salary. Now it requires 2. Capitalism always finds a way.