Wage growth would help, but for some reason, these articles never even mention immigration. The scale of immigration both legal and illegal I believe has the greatest impact on the lowest sectors of society. The lack of discussion on the impact so many potential new workers is having on wage growth leads one to think they believe labor cost is the one thing immune to the law of supply and demand.
It’s interesting the immigration cannot even be mentioned without getting down voted. It seems obvious to me that fewer low skill workers would result in higher wages for those who could most benefit from it.
Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
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Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#32Wage growth would help, but for some reason, these articles never even mention immigration. The scale of immigration both legal and illegal I believe has the greatest impact on the lowest sectors of society. The lack of discussion on the impact so many potential new workers is having on wage growth leads one to think they believe labor cost is the one thing immune to the law of supply and demand.
It’s interesting the immigration cannot even be mentioned without getting down voted. It seems obvious to me that fewer low skill workers would result in higher wages for those who could most benefit from it.
Here's one classic study on the effect:
David Card, "The Impact of the Mariel Boatlift on the Miami Labor Market" (1990), http://davidcard.berkeley.edu/papers/mariel-impact.pdf
Quoting from the abstract: "…This paper describes the effect of the Mariel Boatlift of 1980 on the Miami labor market. The Mariel immigrants increased the Miami labor force by 7%, and the percentage increase in labor supply to less-skilled occupations and industries was even greater because most of the immigrants were relatively unskilled. Nevertheless, the Mariel influx appears to have had virtually no effect on the wages or unemployment rates of less-skilled workers…"
That's a rapid influx of 7% of Miami's population! But the effect isn't obvious to economists, either, and you can find people arguing both sides. This is a fairly balanced article: https://www.npr.org/2017/08/04/541321716/fact-check-have-low...
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#33Earlier quoted context omitted.
Hi. China is calling.
China is successful now entirely as a result of their conversion to capitalism. This is an extremely well known fact about China. China tried communism, it went absolutely terribly. They changed to capitalism, and things got good. I can't imagine an example that more perfectly agrees with my point.
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#34Wage growth would help, but for some reason, these articles never even mention immigration. The scale of immigration both legal and illegal I believe has the greatest impact on the lowest sectors of society. The lack of discussion on the impact so many potential new workers is having on wage growth leads one to think they believe labor cost is the one thing immune to the law of supply and demand.
I'd argue that legal immigration has the greatest impact on higher sectors of society- such as salaries in software / IT. This can be fixed by raising the minimum pay for H1Bs. I'd believe that illegal immigration has a incredibly small effect overall.
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#35Earlier quoted context omitted.
It’s interesting the immigration cannot even be mentioned without getting down voted. It seems obvious to me that fewer low skill workers would result in higher wages for those who could most benefit from it.
This does not seem obvious to me. For example, imagine if you overnight doubled the US population. Would wages go down? Well, overnight you would also double the economy and double demand for just about every kind of work, from hairdressers to security guards. What's the overall effect? (And you are talking about just 3.5%, not 100%.) Here's one classic study on the effect: David Card, "The Impact of the Mariel Boatl…
One thing is for sure, housing prices would skyrocket!
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#36Article fails to make a point. Jobs are the solution to poverty, hands down.
It's actually educational attainment [1] [1] https://poverty.ucdavis.edu/faq/how-does-level-education-rel...
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#37It's not like meritocracy is completely unrelated to real life, it matters in a certain regime. However, if like Vanessa, you're born to lesser circumstances, you just cannot escape poverty by just working harder. Similarly, if you are born to very well off standards, even if you're a dope and spend money from Dad's inheritance on cocaine, sure, you won't be successful but you'll still have a net of some kind. You ca…
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#38Earlier quoted context omitted.
China is successful now entirely as a result of their conversion to capitalism. This is an extremely well known fact about China. China tried communism, it went absolutely terribly. They changed to capitalism, and things got good. I can't imagine an example that more perfectly agrees with my point.
How is Facebook doing in capitalist China?
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#39Earlier quoted context omitted.
It’s interesting the immigration cannot even be mentioned without getting down voted. It seems obvious to me that fewer low skill workers would result in higher wages for those who could most benefit from it.
This does not seem obvious to me. For example, imagine if you overnight doubled the US population. Would wages go down? Well, overnight you would also double the economy and double demand for just about every kind of work, from hairdressers to security guards. What's the overall effect? (And you are talking about just 3.5%, not 100%.) Here's one classic study on the effect: David Card, "The Impact of the Mariel Boatl…
For example: https://www.migrationpolicy.org/sites/default/files/source_i...
So yes, it is likely that immigration rates have a negative effect on the wages of native workers in low barrier of entry positions. You'd have to suspend disbelief to accept the narrative that there is no impact.
source: https://www.migrationpolicy.org/article/frequently-requested...
Re: Americans Want to Believe Jobs Are the Solution to Poverty. They’re Not
#40Wage growth would help, but for some reason, these articles never even mention immigration. The scale of immigration both legal and illegal I believe has the greatest impact on the lowest sectors of society. The lack of discussion on the impact so many potential new workers is having on wage growth leads one to think they believe labor cost is the one thing immune to the law of supply and demand.