Re:Britain to Foreign Workers: If You Don't Make $50,000 a Y...
by tenpies on Thursday February 04, 2016 @09:13PM
(#11038934)
> The income of low-income workers is spent back into the economy
I think this statement vastly underestimates how much money is remitted back home by foreign workers - even low-income workers. In Canada, we lose about 24 billion USD every year this way [1].
---
[1] http://www.cbc.ca/news/business/sending-remittances-low-doll...
Re:Britain to Foreign Workers: If You Don't Make $50,000 a Y...
by ergothus on Thursday February 04, 2016 @02:41PM
(#11036583)
That's a net effect - more workers == more work getting done, but doesn't address the general fears of "taking OUR jobs" that I've seen debunked but never really understood.
If I'm a minimum wage worker and you increase the pool of minimum wage workers - sure, more jobs will be filled, more money in the economy, but if _I_ can't get a job due to market saturation, my situation is worse regardless.
Again, I'm FOR liberal immigration policies, in general, but I've been told the above fear doesn't play out (overall), and I don't understand why.
Since it stands to reason that the individual immigrant will benefit from immigrating with a higher income, it is also stands to reason that this income being spent would be greater than if they had stayed where they were.