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follow Heraclitusstudent 2017 Aug 7, 10:47am
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They tell you no wage growth because no productivity growth...
All inflection points are the election of Ronald Reagan and political power being transferred to free-market, Ayn Randian Republicans.
That was the end of the United States as we knew it.
An other one: Bloomberg telling you how to think: Immigration Curbs May Be Wrong Way to Boost Weak U.S. Wage Gains
Among the arguments:
- "robots or technological change, low productivityâ€:
Well, if there is so much automation going on why are the productivity gains low? You canâ€™t have it both ways. Outside manufacturing: not much automation, though this may change soon.
- â€œI donâ€™t think immigration has that big of an impact on wages,â€
Yeah? Because itâ€™s obvious that 12 millions illegal poor workers desperate to do any jobs added to the labor supply donâ€™t affect wages?
- consolidation that has created bigger firms with greater power to set wages
Because, again, the presence of 12 millions illegal poor workers desperate to do any jobs doesnâ€™t affect corporate behaviorâ€¦