Immigrants often are expected to work for less money. After all, they usually immigrate from an economically worse country, so they don’t expect to land top tier wages.
You keep filling in minimum wage jobs with an endless supply of immigrants, then there is never a worker shortage and never any incentive to raise the bar. No company needs to compete with higher wages to attract talent. In fact, it can make things worse and cause a race to the bottom… Reducing wages on existing positions until workers quit and just filling it with less skilled workers.
It can suppress wages.
Immigrants often are expected to work for less money. After all, they usually immigrate from an economically worse country, so they don’t expect to land top tier wages.
You keep filling in minimum wage jobs with an endless supply of immigrants, then there is never a worker shortage and never any incentive to raise the bar. No company needs to compete with higher wages to attract talent. In fact, it can make things worse and cause a race to the bottom… Reducing wages on existing positions until workers quit and just filling it with less skilled workers.
If the company makes products the workers can’t buy, then who buys the products?
wealthier people in other countries buy the products, is what happens now.
This is dubious. Immigration can have massive positive benefits to the target economy.
Yeah, it pumps GDP numbers up. By having more people to do work.
Not by increasing GDP per capita.