Wednesday, June 06, 2007

Matthew Yglesias attacks the immigration bill from the left:
Say unemployment is low in the county where I run my business. That means a tight labor market. That means valued employees asking for higher wages. Wages above the prevailing rate. And I need to give it to them. And that's how working people obtain prosperity in this country. Well, welcome to the United States of Guest Workerdom where if you ask for a raise, I just tell you "no" and if you quit I import a foreign worker to do your job at the old old (i.e., prevailing) rate. If my business does well, I'll expand my operation and hire more and more people, but no matter how tight the labor market gets I'll never to raise wages since I can always complain that nobody wants to do it at the prevailing rate.

No comments: