Posted on 02/28/2020 6:10:45 PM PST by NobleFree
The supply of extra workers does not have much effect on wages, so the government should import more workers to grow the economy, says a February 27 New York Times article titled “Why a Top Trump Aide Said ‘We Are Desperate’ for More Immigrants.”
“Proponents of restraining immigration, particularly among low-skill workers, often argue that newcomers can supplant American workers or depress their wages, even if they help the economy as a whole … But the evidence supporting that argument is limited,” said the article.
The newspaper’s claim that the law of supply and demand does not impact Americans’ wages is undermined by the reality of rising blue-collar wages amid President Donald Trump’s lower-immigration policies. A February 4 report in the New York Times said:
Unemployment sank to 3.5 percent in December, down from 4.7 percent when Mr. Trump took office. Workers’ wages are growing, particularly for those in the jobs that pay the least, like retail clerks and restaurant workers.
The Times‘ February 27 article by Jeanna Smialek and Zolan Kanno-Youngs downplays the rising wages and showcases the demands for more immigration by business groups:
Economists at Moody’s Analytics have estimated that if immigration consistently dropped to 500,000 a year and stayed there — down from previously normal levels of around one million a year — the nation’s total gross domestic product would be about $700 billion smaller by 2030.
Moody’s predicted the economy would grow to $24.7 trillion in 2030, so a $700 billion cut would amount to a claimed loss of 2.8 percent for the economy. But less immigration means a smaller population, likely ensuring that employees would get a larger share of the slightly-smaller pie. […]
(Excerpt) Read more at breitbart.com ...
I’ll bite...How about we swap one for one with the Commies in Congress?
Let’s just bring them in from Wuhan and Daegu, and get it over with.
I should tell my old economics professors about this new discovery. Most of them believed in the whole pre-Bernie, pre-AOC supply-and-demand thing.
They know this is the path to socialism. Water down the earning power of Americans and make life miserable.
You are not my friend globalist traitor.
You can grow GDP and lower per capita income. We need less workers and higher wages and not the opposite.
Naturalized citizens consistently vote Democrat over Republicans 9 to 1. Some groups like Indo-Americns even more so,they voted 93%-7% for Hillary over Trump in ‘16.
Someone how “economists’ throw out that silly supply and demand theory when it comes to labor and wages.
So the economy does expand, at least for the warehouse builders. /s
Partisan Media Shills update.
We need grunts. We’re getting older. Micky D’s is all Mexican women. Honkies gonna do that work? Not enough welfare to take away.
Yes. For the right pay, I'D do that work. (In the event, I'd be underbid by other honkies, and that's fine.)
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