zlacker

>>tysone+(OP)
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.

>>tosser+aH
Have you checked minimum wage vs inflation chart? Seems that not having a minimum wage that goes up yearly to catch up to inflation has the biggest impact in wage growth. There are bigger fish to fry rather than speculate on the impact of immigration (but not as easy to sell to angry constituents), the current population is at ~320 million and you receive ~1 million immigrants a year, I'll give you the benefit of the doubt and let's more than double it and say 5 million. That represents 1.5% unwanted growth via immigration, I have my doubts that a change so small can have an impact so big on an economic system.

>>lalos+pR
I think that this is a sleight-of-hand trick that comes up a lot in immigration discussion: he was talking about the small subset of the population that is most directly affected by the change, you switched the focus of the impact to the entire economic system. If you only look at the bottom 10% of society where the job competition is occurring, your 1.5% becomes 15% - annually! It's staggering.

Immigration applies downward pressure on lower/middle-lower labor classes and harms the power of unions.

I don't blame the immigrants who want to go where the jobs pay more - it's the smart thing for them to do - the blame here lies 100% on the corporations who exploit this (Tyson foods, etc.) and the politicians they ~~bribe~~contribute funds to.

>>Mizza+7S
The main point was inflation and wages. He mentions that "The scale of immigration both legal and illegal I believe has the greatest impact on the lowest sectors of society.", I doubt the impact is greater than the stagnation of wages against inflation where $2 min wage in 1968 is equivalent to almost $11 of today's dollars [0]. Current min wage is at $7.25. Do the immigrants vote for maintaining the minimum wage at the current level or where am I getting lost? I'm quite sure econ 101 says that if the salary goes up there will be more people willing to accept the job. Until that happens, of course a low-skilled immigrant will take that $7.25 hour job that no one wants. He will barely survive (while making sacrifices in the quality of life) and yes the corporation will happily accept it since nobody wants to do that work for that wage and people want low prices.

[0] https://sc.cnbcfm.com/applications/cnbc.com/resources/files/...