Quote Originally Posted by mfckrz View Post
Basic supply&demand??

Increasing labor supply without a commensurate increase in economic output means no wage growth.

No wage growth + rising costs of living → less savings. And no more middle class. Less savings → less investment, ergo ↓ economic growth.

Consider that there'd have never been a Renaissance without the Black Death. Because rising wages in the aftermath of the plague allowed for the emergence of a middle class and greatly disrupted the wealthy feudal hierarchies who'd been riding high on a mass of cheap labor prior.

With socioeconomic mobility from large numbers of people who can actually save, invest, and own assets… culture tends to follow. Same dynamics can be observed in civilizations of antiquity.
But there is a commensurate increase in economic output. GDP per capita has grown substantially over the past forty years.


Where I live is fine. But resent being forced to take out a $500,000+ mortgage just to live in a decent area because the govt opened the floodgates to let all this in.
Hey, you have the right to feel whatever you like.




Quote Originally Posted by Raver View Post
An overlooked fact of women entering the workforce is that doubling labor supply means that wage value was halved. Over time, you needed two incomes to be able to afford a mortgage and bills when one used to be sufficient. I am all for women's rights and freedom to work, but our salaries having half the value they used to have has been devastating to families. Also, a good portion of women (not all of course) resent being forced to work a career to raise a family and would of preferred to be stay at home mom's.

The price we pay for this is women being forced to work a career and raise a family or have your standard of living cut in half. Mass immigration is similar in this regard. We became so fixated in chasing meaningless statistics like GDP growth that we didn't realize how it impacted our quality of life and salaries not growing enough relative to ever increasing living costs.


Very low skilled individuals may lose their jobs to immigration and automation and end up on the streets. While high skilled working class and middle class individuals with careers find their standard of living slowly decrease as salaries cannot keep up to rising costs of living due to inflation. All mass immigration is doing is fueling an ever increasing wage gap difference as wealthy people fill their coffers and reap the benefits and everyday citizens pay the price.
That sounds pretty dramatic; how are you backing it up?

I looked at a meta-study which concludes that a 1% increase in immigration depresses wages by a "quantitatively small" 0.1% (source = https://researchcommons.waikato.ac.n.../PSC-dp-47.pdf). A blog post by the economist Noah Smith goes on to suggest that the wage dip to immigration might even be nonexistent over the long term due to markets returning to equilibrium (source = http://noahpinionblog.blogspot.com/2016/01/101ism.html).


As for women, this study here suggests that wages actually rise due to their increased participation in the workforce (source = https://hbr.org/2018/01/when-more-wo...luding-for-men).