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When wages become too expensive, you automate. That's economics. Keeping wages artificially low (with Immigration for example) disincentivizes businesses from
by deepthunder 3y ago
When wages become too expensive, you automate. That's economics.
Keeping wages artificially low (with Immigration for example) disincentivizes businesses from investing in new technology (aka LSDs => Labor Saving Devices). Productivity declines. The economy stagnates.
https://www.youtube.com/watch?v=WBRJ8_cUhKU https://www.youtube.com/watch?v=WBRJ8_cUhKU