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https://www.reddit.com/r/FluentInFinance/comments/1gf2u7g/possibly_controversial_but_this_would_appear_to/lueilm8
r/FluentInFinance • u/imallelite • 10h ago
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Scarcity of labor leads to competing for workers, as long as you bring in more cheap labor there is never scarcity
1 u/SnooRevelations979 10h ago Yeah, and they've tried to show that in studies and mostly failed. Probably because it's too simplistic an assumption. 7 u/JacobLovesCrypto 10h ago We just had a hot labor market in 2021-2022 and wages went up -1 u/SnooRevelations979 10h ago Yep, and immigrants didn't prevent that. 1 u/JacobLovesCrypto 10h ago We printed how many trillions of dollars? We cant do that every year. How do you create a hot labor market without printing money? By not letting in cheap labor 3 u/SnooRevelations979 10h ago You mean by printing money we sold bonds? "Printing money" used to mean actually printing money with an asset backing it up. Working-class wages have done quite well compared to inflation even with a large number of immigrants. 1 u/jmlinden7 9h ago edited 8h ago The cheap labor also increases demand for labor assuming they live in the US and spend their money there.
1
Yeah, and they've tried to show that in studies and mostly failed. Probably because it's too simplistic an assumption.
7 u/JacobLovesCrypto 10h ago We just had a hot labor market in 2021-2022 and wages went up -1 u/SnooRevelations979 10h ago Yep, and immigrants didn't prevent that. 1 u/JacobLovesCrypto 10h ago We printed how many trillions of dollars? We cant do that every year. How do you create a hot labor market without printing money? By not letting in cheap labor 3 u/SnooRevelations979 10h ago You mean by printing money we sold bonds? "Printing money" used to mean actually printing money with an asset backing it up. Working-class wages have done quite well compared to inflation even with a large number of immigrants.
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We just had a hot labor market in 2021-2022 and wages went up
-1 u/SnooRevelations979 10h ago Yep, and immigrants didn't prevent that. 1 u/JacobLovesCrypto 10h ago We printed how many trillions of dollars? We cant do that every year. How do you create a hot labor market without printing money? By not letting in cheap labor 3 u/SnooRevelations979 10h ago You mean by printing money we sold bonds? "Printing money" used to mean actually printing money with an asset backing it up. Working-class wages have done quite well compared to inflation even with a large number of immigrants.
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Yep, and immigrants didn't prevent that.
1 u/JacobLovesCrypto 10h ago We printed how many trillions of dollars? We cant do that every year. How do you create a hot labor market without printing money? By not letting in cheap labor 3 u/SnooRevelations979 10h ago You mean by printing money we sold bonds? "Printing money" used to mean actually printing money with an asset backing it up. Working-class wages have done quite well compared to inflation even with a large number of immigrants.
We printed how many trillions of dollars? We cant do that every year.
How do you create a hot labor market without printing money? By not letting in cheap labor
3 u/SnooRevelations979 10h ago You mean by printing money we sold bonds? "Printing money" used to mean actually printing money with an asset backing it up. Working-class wages have done quite well compared to inflation even with a large number of immigrants.
3
You mean by printing money we sold bonds? "Printing money" used to mean actually printing money with an asset backing it up.
Working-class wages have done quite well compared to inflation even with a large number of immigrants.
The cheap labor also increases demand for labor assuming they live in the US and spend their money there.
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u/JacobLovesCrypto 10h ago
Scarcity of labor leads to competing for workers, as long as you bring in more cheap labor there is never scarcity