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A comment on Think young people are hostile to capitalism now? Wait for the next recession. Parent comment

Re:Think young people are hostile to capitalism now? Wait fo... by xienze on Tuesday October 22, 2019 @10:29AM (#21323970)
You're a) expanding the labor pool with b) people willing to work for less money than the locals. How you think that doesn't drive down wages is beyond me.
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Re:Think young people are hostile to capitalism now? Wait fo... by KirinDave on Tuesday October 22, 2019 @11:02AM (#21324388)
You're making a positive proposition in the domain of economics. You're obligated to show evidence of it if you can, or at least propose a mechanism people can debate. It's entirely feasible to do so.

But good luck with that; I think the data shows that it's not a very pronounced effect.

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Re:Think young people are hostile to capitalism now? Wait fo... by xienze on Tuesday October 22, 2019 @12:01PM (#21325228)
> But good luck with that; I think the data shows that it's not a very pronounced effect.

Yes, you're right, H1-B visas and offshoring have done wonders for the average US software engineer's wages.

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Re:Think young people are hostile to capitalism now? Wait fo... by drewrv on Tuesday October 22, 2019 @10:45AM (#21324163)
It doesn't (necessarily) drive down wages because immigration expands the size of the market, there are more people to buy from and sell to.
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