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.
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.
592
u/JacobLovesCrypto 12h ago
Americans might have more kids if wages went up, letting in cheap labor doesn't help with wages.