Exact(13)
Economic theory implies that immigration should lower the wage of competing workers and increase the wage of complementary workers.
lowers the wages of competing workers, while raising the return to capital and the wages of complementary workers.
Competing workers' wages fall, at least in the initial transition period as the economy adjusts to the new labor inflow.
The increase in the supply of labour presses down on the wages of competing workers, at least in the first instance.
That effect is, however, quite modest; an authoritative study by the National Research Council NRCC) found that immigration in the 1980s cut the wages of competing workers by 1-2%.
Cutting one worker's wage may help save his or her job by making that worker cheaper than competing workers; but cutting everyone's wages just reduces everyone's income — and it worsens the burden of debt, which is one of the main forces holding the economy back.
Similar(47)
It is alleged that refugees are willing to work for less, they will compete workers with similar skills out of well-paying jobs, particularly in areas of refugee settlement.
Employers for the first time would actually have to compete for workers, since workers would have the leverage to leave at will at the prevailing wage.
They don't have to compete over workers; [their workers are] more expendable as opposed to these tech companies where employees have to have very specific skills.
Globalization means you're competing with workers around the world.
Thus, an immigrant-induced increase in labor supply should reduce the wage of competing native workers under fixed-term contracts.
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