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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

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