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> 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
by 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.