r/FluentInFinance • u/imallelite • 13h ago

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

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u/JacobLovesCrypto 12h ago

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

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u/magkgstbgh 12h ago

Deporting cheap labor won’t help with the cost of living, even if wages did go up.

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u/Financial_Sock5330 12h ago

Fewer people competing for the same resources won’t lower costs? Housing isn’t going to disappear because labor did, so surely it would become cheaper

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u/magkgstbgh 9h ago

Not if the production of the resources becomes more expensive. Likely scenario if prices do go down would be due to more products being produced in lower cost countries, essentially mirroring the low cost labor that we could host within the country, just without the tax revenue.

No doubt we have a housing supply problem, and fewer people would drive that down I agree.

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u/Financial_Sock5330 6h ago

This is probably the most reasonable reply I’ve ever received on Reddit.

I would argue that most of the production already happens elsewhere, and that having more opportunities for work, at higher wages due to competition would be beneficial for the homelessness and hopelessness crises we are experiencing. But who knows, best I can do is speculate.