Thanks for that link. Good article. Missed it the first time. Surprised it came from NRO since they are usually in favor of flooding the market with cheap labor.
On FR, I read an article that said many companies transfer operations to China to avoid implementing automation (forget where that article was). They use the cheap labor to make inefficient processes miraculously profitable.
>Thanks for that link. Good article. Missed it the first time. Surprised it came from NRO since they are usually in favor of flooding the market with cheap labor.
>On FR, I read an article that said many companies transfer operations to China to avoid implementing automation (forget where that article was). They use the cheap labor to make inefficient processes miraculously profitable.
From the Jobs Americans Won't Do Article- "But it's the second part of the response to a tighter labor market that people just don't get. By holding down natural wage growth in labor-intensive industries, immigration serves as a subsidy for low-wage, low-productivity ways of doing business, retarding technological progress and productivity growth."
Addiction to cheap labor has a downside, for an entrepreneur willing to exploit the weakness.