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Notes -
Just to be clear.
You are asking me to believe that it is impossible for changes in the supply of labor to the effect the price of labor.
It would seem to me that history is rife with counter-examples.
... I am arguing that, absent changes in the money supply, it reduces the nominal price of labor, but not the real price of labor?
Like, the population of the United States 3xed in the last 100 years. This was a huge increase in the supply of labor. But it did not reduce the 'real' price of labor, or the value of the goods and services that we consume, because labor creates those goods and we exchange our labor for the consumption of those goods, which balance out. And then the second-order effect on the nominal price is specialization, but that's the main effect for the real price. Again, absent concerns specific to characteristics of immigrants, like culture or genetic ones, which are reasonable. But your argument applies equally well to population growth via new births reducing wages ... and it ... doesn't do that.
I kind of want to say that a lot of people here have a blindspot in their reasoning for anti-immigration arguments, in the same way that people on the left have a blindspot in their reasoning for anti-racism arguments?
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