Quote:
Originally Posted by jimhcom
No they are not. In order for that to be true, the labor market would need to be un-manipulated by illegal immigration.
The fact is that the labor market has been manipulated by the wealthy by importing workers to drive down labor costs in violation of immigration law.
There are now somewhere in the neighborhood of 60 million people living in the US who have come to this country illegally over the past 40 years.
Without that 60 million people in the workforce, wages would be much much higher and unemployment would be almost non-existent.
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Not to mention the H1b visa system, which also drives down wages.
The legality of unpaid internships, which also drives down wages.
The prison industrial system contracts, paying workers pennies an hour, which also drives down wages.
The corporate welfare system, which also drives down wages.
The Affordable Care Act, which also drives down wages.
The collapse of collectively bargained labor, which also drives down wages.
Government overregulation of taxation of small business (but under regulation and taxation of large business), which also drives down wages.
The limited liability stock market system, which also drives down wages.
The collapse of credit available to small business, which also drives down wages.
Forced investment in unemployment insurance, which also drives down wages (and certainly turns a huge profit for government without the hassle of any accountability whatsoever).
Corporations are winning the war on wages.