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A comment on Trump administration announces overhaul of H1B visa program requiring higher pay. Parent comment

Re:Trump administration announces overhaul of H1B visa progr... by kmeisthax on Tuesday October 06, 2020 @07:24PM (#24703637)
No, larger labor pool = higher wages, for two reasons:

1. Being able to hire more people means that local companies can grow bigger and take on more work 2. Merely having more bodies in the economy increases demand for goods in that economy

Rural American towns have extremely tight labor pools and can barely sustain minimum wage.

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Re:Trump administration announces overhaul of H1B visa progr... by ajsnigrutin on Tuesday October 06, 2020 @07:28PM (#24703663)
Don't you currently have relatively high unemployment? And how is staying at minimum wage (instead of raising them, to get people from elsewhere to move in) good for local workers? Don't you have a bunch of cities with unbelievably high cost of living (SF, NY,...), where people come (and sometimes live in tents), just because there are no jobs for them in "rural american towns"?
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