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by pinephoneguy
1571 days ago
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Housing and pay diverged because we opened the border in the middle of the last century: supply for labor went way up along with demand for housing and other essential services. Combine that with some poor decisions by the Fed and you have high inflation with low wages. I don't know why you think immigration would have any other effect, the results have been extremely clear if you look at historical data. |
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https://en.wikipedia.org/wiki/Immigration_to_the_United_Stat...