Quote:
Originally Posted by Flying Ace
But again, you just stated the benefits of open labor. Will British citizens want to scrub toilets for £7.20/hour? Probably not. So what's their rate? £15? There's going to be price increase almost across the board for effect workforce, but skilled and unskilled. But sure at £15, not every labor job will be filled...so it's not like everyone will simply step in and fill those jobs...
No, the British Citizens will be forced to work for the 7,20 an hour, as people in the US are... this incentivizes / brings upon value to a college education and allows people to more clearly see upward mobility... and when its harder to leave the country, this system works...this is what we had in the US, many years ago... this is akin to every starbucks pourer asking for a minimum wage increase to $15 / hr in the US... yeah OK buddy, when entry level nurses in some areas make $19... There has to be strict differentiation between the better and worse paying jobs... that's the way the world has always worked and still should. This is helping to ruin America and upper education.
So on net, more jobs will be lost, the immigrants' jobs, and the price of services will increase. Consumption prices going up is great to a certain extent, but only if wage inflation also increases. What if the consumers of services decide to just buy less after price increases? That's no economic growth.
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They will not grow, if the aforementioned above doesn't happen like u think. You say no economic growth which is akin to if the US didn't have a false easy credit system, that virtually no other nation on earth has... if everyone had to buy everything by saved up money, you're economic growth would be far lower in this nation as well... so in other words, its a Govt aid allowing the economy to grow albeit somewhat falsely just like easy low paying immigration... granted, I could argue for hours whether this is positive or negative.