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by detrites
1251 days ago
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Migrants from poorer countries have lower standards of living, and often able to claim exclusive subsidies. When a job market is saturated with people willing to do jobs for way less, the existing workforce gets pushed out. Country level this mightn't change much initially, as the existing workforce moves where they maintain their income. But on a local level it's disruptive, and if not held in check flows up to country-level. (A "brain-drain".) |
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Labour compensation is mostly decided by labour productivity. Many software engineers are so in love with their craft, that they would work for free. Instead, they are handsomely rewarded, because (in the limit) competitions bids up their wages to their level of productivity.
(Conversely, just because I am used to a high standard of living, doesn't mean that I will automatically gain high pay.)
Does your theory about newcomers pushing people out of the existing workforce also apply to the situation in the 20th century in the US when women started having careers outside the home? Why or why not?