Yea man, and how are they doing it?
If overhead increases at a lower rate than profits, they will take more in profit. If all workers who meet the employment requirements are only willing to work if the pay is higher, then it would have to increase to attract them, thereby increasing overhead and reducing profits.
You have to be a certain level of stupid to believe a migrant is the reason your pay sucks.
The migrant isn’t the reason, no, but an oversupply of people and under supply of jobs will depress wages.
So intentionally immigrating more people than the economy can bear will drive down the cost of labor.
That’s the entire point of TFW and H1B
Undersupply of jobs? That’s weird coming from all the “nobody wants to work” rhetoric.
If a company wants to pay a illegal/migrant worker over an red blooded American, that’s capitalism baby! Solve that issue instead.
Hahahaha yeah “nobody wants to work (for the unliveable low wages I want to pay)” really is quite the statement, isn’t it?
They never seem to say the whole thing though.
an oversupply of people and under supply of jobs will depress wages.
This is true, but do note that if one starts paying illegal workers under minimum wage, then that should also has the effect of stealing jobs — the employer would choose whatever labour is cheapest that meets their requirements.
https://www.nber.org/system/files/working_papers/w32389/w32389.pdf
Basically all published research on this subject indicates that migrant labour has very little effect on native wages.
This makes sense, because a migrant is a human being, not a machine. That is, they do not just produce, they also consume.
Incidentally, I’m very gratified by people here not tolerating this sort of fash adjacent rhetoric. Shit made reddit intolerable.
https://www.nber.org/digest/apr17/winners-and-losers-h-1b-visa-program
It’s really not that simple.
It’s not that immigrants are “taking yer jerbs “ but it’s really hard to deny that the economics of supply with cheap labor will suppress wages.
I’m not anti immigration, nor am I pro globalisation. But it certainly seems like many jobs that are being filled by immigrants, are being filled by that because the companies are exploiting the immigrants and not paying local wages.
I work in the tech industry and I see it.
Hell, here in Canada, the TFW’s were used to staff Tim hortons and McDonalds because the employer didn’t want to raise wages to match the value of the labor they wanted.
So what happened? They brought in temporary foreign workers, abused them, housed them 6 to a room and charged them exorbitant rates for rent. The foreign workers were used to depress wages and they were treated like shit .
in THEORY they didnt pay less than minumum wage, but in practice after forcing them to rent housing from the franchiser, it worked out to less than minumum wage.
these are REAL results, and they don’t show up on your imigration study because they didnt immigrate, they were just used.
We love the I dubya dubya.
The only dubya that’s good
But my boss is an immigrant. Although, so am I…
One of the worst unions our lads ever joined. Sorry. Unison were even worse for us. Went to Unite and similar and now shit is getting done.