|Re: INTERVIEW: Why Bad Jobs - or No Jobs - Happen to Good Workers (953066)|
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Re: INTERVIEW: Why Bad Jobs - or No Jobs - Happen to Good Workers
Posted by JayMan on Mon Jun 25 22:22:40 2012, in response to Re: INTERVIEW: Why Bad Jobs - or No Jobs - Happen to Good Workers, posted by Concourse Express on Mon Jun 25 15:11:32 2012.Thanks! I enjoy intellectual discourse; even when there are disagreements, it sure beats the waves of nonsense and BS in politics and other areas...
It's a welcome change of of pace. ;)
There definitely is a surplus of supply. Also agreed with your statement on discretionary income (I assume that's what you meant in the last sentence). However, this goes back to what I said earlier - incentives should be in place for employers to hire American workers at respectable wages; even if the supply of immigrants decreased significantly, it won't mean much if employers continue to offer lower wages/salaries. (I would also back policies that "punish" companies that take advantage of illegal labor).
But if the supply of labor fell, to the point where it was below the demand, then the "price" of labor must rise to compensate. Wages would rise if the supply of labor became scare, as employers would have to offer more pay—out of necessity—to attract the workers that they need. This is true even for the lowest-level jobs. If employers had spots that they couldn't fill, and couldn't find a way to automate, you can bet that pay would go up.