3 ms·
>Why was there a hypothesis of immigration == inflation in the first place? I've never even heard of this hypothesis until now. I think if the right was basel
by potato3732842 1y ago
>Why was there a hypothesis of immigration == inflation in the first place?
I've never even heard of this hypothesis until now.
I think if the right was baselessly peddling it surely the left would be screeching about it and we'd all at least know about it from one side or the other.
Seems like they're answering a question nobody asked.
- thehappypm 1y agoThe hypothesis is true for housing at least. Immigrants need to live somewhere, and that puts upward pressure on rents (which are part of CPI).
- user____name 1y agoOn the other hand, cheap labor lowers labor costs for producers and increased supply should lower the average wage?
- thehappypm 1y agoWhile there is validity to this logic, the slightly lower labor cost does not offset the need to house more people, particularly when the cost of land and materials is so astronomical