Quote:
Originally Posted by spence
This is up there with the most absurd things ever said in this forum.
Posted from my iPhone/Mobile device
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OK, comrade, tell me what's wrong with this logic.
There are Americans with very low skills.
Most of them make low wages.
We would like them to be able to command higher wages.
When we bring in millions of unskilled immigrants, that's more competition, for the same number of low-skill jobs. When you increase supply of something without a proportional increase in demand for that something, the price for that something (in this case, the wages of low-skill workers) will decrease.
Furthermore, the illegals among the unskilled laborers, are willing to work for less than minimum wage. This drives down the market value of unskilled labor. Which , obviously, makes it harder for unskilled workers to command a higher wage in the free market. If there were fewer unskilled workers, those that remain, could demand a higher wage. Because of decreased supply.
Supply and demand, Spence...supply and demand. You never read page one of a college economics or finance text?
Instead of just saying "that's absurd", enlighten me. Educate me. Tell me where my logic is flawed.
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