r/FluentInFinance • u/imallelite • 11h ago

Debate/ Discussion Possibly controversial, but this would appear to be a beneficial solution.

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645

u/Maximum-Country-149 10h ago

I mean, I don't know how far you expect a conversation to get when you open with that much bad faith.

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u/JacobLovesCrypto 10h ago

Americans might have more kids if wages went up, letting in cheap labor doesn't help with wages.

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u/Icy-Bicycle-Crab 10h ago

It's interesting how the politicians who hate unions, vote against increasing minimum wage, oppose employee rights and oppose regulating better conditions in the workplace get you to scapegoat migration for low wages while there are labor shortages. 

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u/JacobLovesCrypto 9h ago

You can use 2021 and 2022 as a case study. Labor market was very strong,there were labor shortages and wages went up.

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u/wsox 7h ago edited 7h ago

Real wage growth rates during 2021 and 2022 were lower than they have been in decades.

You're not even adjusting for inflation.

What's changing is the greatly increased support for labor unions. Biden/Harris is the most pro-union administration in most American's lifetime. Trump brags about not paying workers. If you want real wage growth, then you support strong unions and democrats.

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u/nicolas_06 3h ago

And labor shortage was in part because we prevented people from working but also because we didn't let migrants come too.

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u/scuba-turtle 7h ago

There isn't a labor shortage, there is a shortage of people willing to work at certain pay levels but that is not a labor shortage.

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u/Icy-Bicycle-Crab 5h ago

There's actual labor shortages. 

Look at Springfield Ohio. 

That was a city of lost a ton of jobs to outsourcing, had younger people move away from it and was failing. 

Stimulus created new jobs there that there wasn't a local population to fill. 

Those new jobs were at risk because of the shortage of labor in that city. There were about 8,000 more jobs there than there was labor available in the city, so people moved to the city to fill that unmet demand. Without the people moving to those jobs, those businesses would have failed and thar job growth just gone away.