Comment Comment by deepthunder When wages become too expensive, you automate. That's economics.Keeping wages artificially low (with Immigration for example) disincentivizes businesses from investing in new technology (aka LSDs => Labor Saving Devices). Productivity declines. The economy stagnates.https://www.youtube.com/watch?v=WBRJ8_cUhKU parent deepthunder 2 years ago
Keeping wages artificially low (with Immigration for example) disincentivizes businesses from investing in new technology (aka LSDs => Labor Saving Devices). Productivity declines. The economy stagnates.
https://www.youtube.com/watch?v=WBRJ8_cUhKU