Why is that the best option instead of raising wages until those jobs are attractive to domestic workers? There's this weird back and forth where people bemoan stagnating wages for the working class but at the same time cheer on importing labor that is willing to work for those stagnant wages.
In any other market, the balance of supply and demand is reflected in the price. But for the labor market the perpetual solution put forward seems to be juicing the supply side so that the price does not move up to a new equilibrium.
alt Hacker News
Why is that the best option instead of raising wages until those jobs are attractive to domestic workers? There's this weird back and forth where people bemoan stagnating wages for the working class but at the same time cheer on importing labor that is willing to work for those stagnant wages.
In any other market, the balance of supply and demand is reflected in the price. But for the labor market the perpetual solution put forward seems to be juicing the supply side so that the price does not move up to a new equilibrium.