Brexit Shows Tighter Labor Supply Raises Salaries; Who'd a thunk It?

JimBowie1958

Old Fogey
Sep 25, 2011
63,590
16,753
2,220
I can hear the 'free traders; screaming 'We'll get inflation!' and the Social justice nutjobs yelling 'Thass Rayssiss!'

Brexit Boost: Hiring and Salaries Rise as Supply of Cheap Foreign Workers Falls

As the supply of low-wage labour from the European Union dwindles, Scotland has experienced a “steep increase” in permanent and temporary job hires, with salary growth reaching a 10-month high at the beginning of the third quarter.
Brexit campaigners have long argued that unscrupulous employers have been the only real beneficiaries of Free Movement and mass immigration, and that a better-controlled system would see pay and working conditions improve.

The Brussels-based New Europe newspaper acknowledges that the new data in the HIS Markit Report on Jobs is “positive”, but claims it is “overshadowed by reports that European Union workers are packing their bags ahead of Brexit” — without appearing to consider that the two might be linked.​

Make America Great Again, by shitcanning all the economic bullshit we have been force fed since 1989.
 

Forum List

Back
Top