I see that you disagreed. But you did not explain why you think the law of supply and demand does not apply to labor.
Your attempt to make this about me personally is noted and rejected. Fuck you.
My point stands.
Deporting illegals and restricting immigration will reduce supply of labor leading to higher cost, ie wages.
Because labor markets are full of what economists refer to as "friction".....there are some jobs (specifically farm work, and the minimum wage back end jobs of the retail and service industries) that employers have discovered are "beneath" most Americans, at least at prevailing wages. Studies show that it is this labor pool that many migrants supply. The benefits to you are cheap groceries, restaurants, lawn service and sheet rocking.
The messages of 5 million current job openings suggest two things
a) that labor markets are relatively strong
b) that to the extent that people with skill remain unemployed, it is a result of "structural" unemployment, where either skills or local demand are the issues.
The idea that EVERY good behaves the same way is a conceit normally dispensed with by the third week of undergraduate micro.......
So, create the environment to raise the prevailing wage. THAT'S THE POINT.
And raising the demand for the skilled labor? THAT'S THE POINT too, especially of the Trade POlicy.
You were probably in a Drudge Binge induced coma when this news came out...
Earlier this week, the Census Bureau reported that the real median household income increased 5.2 percent, from $53,718 in 2014 to $56,516 in 2015. That’s the first annual increase since 2007, and the biggest increase since the ’60s, when the government started tracking household incomes.
2015 Was the Best Year on Record for Middle-Class Income Growth
And raising the demand for the skilled labor? THAT'S THE POINT too, especially of the Trade POlicy.
The problem here is that some "skilled labor" has become obsolete.....no policy is likely to change that. Another is that for those skills about which nabobs generally prattle, like IT, or engineering, large employers would prefer that the government accommodate their importation of less expensive foreigners....
1. No, I caught that. It's good, but note that it is the "biggest since the 60s, I don't want a good year. I want generation long trends.
2. Germany has TWICE the level of manufacturing employment we do. The skills are not obsolete there, somehow.
3. The large employers backed HIllary to keep that policy of less expensive foreigners. And they were defeated at the polls.
You're looking for a trend?
Something like
perhaps?
2. Germany has TWICE the level of manufacturing employment we do. The skills are not obsolete there, somehow.
Germany approaches the whole idea completely differently....they have strong traditions of vocational training and apprenticeship, powerful unions who sit on boards of companies, and very strict immigration policies.......this ain't a chinese restaurant - you get the whole plate, you cannot just pick what you like from columns A and B..
3. The large employers backed HIllary to keep that policy of less expensive foreigners. And they were defeated at the polls.
This is silly talk......the guy for whom you (prohibitively likely) voted has actually practiced the arts of
hiring illegals
off shoring manufacturing
and I invite you to post the actual voter counts......people are more than happy to claim that it was "the will of the voters", but when they are asked to post how said voters actually VOTED you'll be deafened by the Cricket Symphony...
1. Mmm, I see that year of big growth was a rebound from a dip. How exciting. Not.
2. What Germany has is a trade policy based on fucking US, as demonstrated by the recent WTO airbus ruling. Stop letting them take advantage of US, and jobs will return.
3. The candidate of importing cheap Third World workers lost, and candidate of stopping that won. What part of that is confusing to you?