Morris Dees and $PLC certified deplorables, Steven Camarota and Karen
Zeigler on whether Kevin McCarthy and Mitch McConnell will help
Suzanne Clark end Joe Biden's stagflation: <URL:https://cis.org/Camarota/Immigration-Cannot-Significantly-Reduce-Inflation>
| It is worth noting that for years the U.S. Chamber of Commerce and
| other advocates for increased immigration have argued that
| immigration "doesn't hurt wages", including for the less-educated --
| the opposite of its current position. Of course, some businesses may
| argue that they do not want to lower wages, but rather that they
| simply wish to use new immigrants to fill open positions. But this
| argument ignores basic economics. First, if wages remain unchanged
| in any given sector, then there would be no impact on the cost of
| doing business and thus no effect on inflation, which is the chief
| justification for allowing in more immigrant workers. Second, in a
| market economy, filling positions in a tight labor market typically
| requires increases in compensation. So if businesses do not have
| access to more foreign workers, then they will increase wages and
| benefits if they wish to attract workers. Arguing that admitting
| more immigrants would not make wages lower than they otherwise would
| be ignores this basic insight.

Has Bill Stepien focus grouped Donald Trump's ECON 101 stump speech
on the law of supply and demand?
John
groenveld@acm.org
--
"How is it news that McMaster disagrees with Trump? He always
disagreed with Trump, even when he served in the White House" -
Scott Greer
<URL:https://twitter.com/ScottMGreer/status/1496902817495359489>

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