>>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
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.
>>sdinsn+dI
The illegals are all picking strawberries for below minimum wage so we don't have the bear the true costs of our food. Remove them and there would be serious repercussions for those at the lower strata of society.
>>kevin_+SN
Has anyone ever calculated the maximum possible wage for a job? Take strawberry picking for an example. If run by a non-profit, what is the highest possible wage? Would be interesting to see this relative to the actual wage.
>>beamat+lQ
I think it would fluctuate depending on the prices of strawberries. And if you spent all your money giving out the maximum possible wage and your crops failed you’d go out of business because you weren’t able to save money.
>>wincy+HT
Exactly. This cannot work without forcing a whole range of products a LOT more expensive than they are.
That's a feature, not a bug.
But yes, the rest of society will become a LOT "poorer" (but still comfortable) for no more than a decent increase in the living standard of the working poor.