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The hypothesis is true for housing at least. Immigrants need to live somewhere, and that puts upward pressure on rents (which are part of CPI).
by thehappypm 1y ago
The 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