Less Income/Less Immigration, page-61

  1. 14,681 Posts.
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    You're still struggling with the important distinction between GDP and GDP per capita, I see.

    Even the RBA now openly acknowledges the common sense position that imported labour acts as a cap on wages.

    disallowed/politics/federal/former-rba-governor-says-immigration-putting-downward-pressure-on-wages-20210709-p588ft.html

    So the original post is actually an inversion of reality.

    The correct question is: how much of a wage cut are you willing to take to support high immigration?

 
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