Mike

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So one very big problem with the supply-demand analysis applied to immigration is that an influx of migrants increases the demand for labor at the same time it increases the supply of laborers. This is one reason why wages do not go down when there are more migrants. A deeper problem lies in the very nature of labor markets: supply-demand is just not a very good description of how they really work.
Good Economics for Hard Times: Better Answers to Our Biggest Problems
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