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> Migrant surge will lift demand and increase the labor force > Wages, however, will rise more slowly, in part reflecting the increase in the number of lower s
by Dig1t 3y ago
> Migrant surge will lift demand and increase the labor force
> Wages, however, will rise more slowly, in part reflecting the increase in the number of lower skilled workers
TLDR: increased immigration will suppress wages for common people while the rich and powerful benefit massively.
- aqme28 3y agoThat’s not how I read the second point. More low paid workers will of course suppress average wages, but that says nothing about the wages of an individual longitudinally
- OrvalWintermute 3y agoI think it will actually hurt people at the very lowest end of the spectrum, that are most vulnerable to price competition
- renewiltord 3y agoIf you expect that low-income people do not consume the services of low-income people that makes sense.
- bryanlarsen 3y agoResearch generally shows that it is low-income Americans that benefit the most from immigration. For example, suppose there's a high school dropout now working as a janitor because that's all he can get. Now a bunch of low-skill immigrants come in and compete for that janitor job. But now he's not on the bottom of the pecking ladder. He's got skills the immigrants don't have, like a solid grasp of English and understands the customers better than they do. He gets a job as a manager of immigrant janitors.
- aqme28 3y agoAlso those low income migrants have a better life too
- influx 3y agoThey are essentially union busters.
- Matticus_Rex 3y ago> TLDR: increased immigration will suppress wages for common people while the rich and powerful benefit massively. That's not in line with the econ literature in this area. There's some suggestion in the literature that under some circumstances it might suppress wages for males who didn't complete high school, but additionally it will have significant positive effects on prices of lots of things that demographic (and others) buy.
- willcipriano 3y agoHigher GDP, lower GDP per capita. Not a great deal for workers.
- hiddencost 3y agoThat's nonsense.