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TopicThe US economy continues to boom as unemployment falls to 3.9%
TheMikh
08/03/18 10:37:56 AM
#34:


The Great Muta 22 posted...
Rimmer_Dall posted...
The Great Muta 22 posted...
I'm sure the people making minimum wage for the last decade will be happy to know there's more service jobs open for them at the same rate

Good wages <-> High immigration
Pick one.


Wages are still stagnant under Trumps limited immigration. You can't keep using this excuse

immigration most radically suppresses wages in border areas; elsewhere, it's far less pronounced

the real beast is a saturated market for underskilled labor because education for skilled labor is both unnaturally inflated in price due to decades of indirect federal subsidization and because education for skilled labor doesn't actually prepare most for skilled labor

that and my previous point about how wage stagnation is a distraction from unnatural price inflation
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