The stupidity of the argument that immigrants caused Americas stagnant wages

[FUCK THE POLICE]

This is a graph of wages plotted against productivity. If the US had an issue with being flooded by low quality workers, wouldn't you expect productivity per worker to go down? But it has not. Wages stagnated still.

In fact, there is an equation that describes the relationship between wages, gdp, and another value. It is an accounting identity. If wages are stagnant while gdp increases, you know with 100% certainty where the money is flowing to. And it's not your fellow workers of lower caste.

Share of income from capital = rate of return on capital * (capital/income)

The income variable itself has two parts - wages, and the share of income from return on capital. So, if wages are stagnating, but income is increasing, where in this equation is the excess money coming from?

To determine if you are rich, ask yourself, "What part of my income comes from return on capital vs wages?" If the majority is in wages, you are not the benefactor of the current system. The benefactors of the current system, in fact, love that you focus your rage on members of power castes, who are largely irrelevant in the picture, rather than the benefactors.

They also like to throw you a bone, day "look how much I pay you! The left wants to go after rich people like you!" When they know very well, the fact that you are working and being paid for your work at all, by definition establishes you as part of the lower class in the current system.

 

[countryboy]

This is a graph of wages plotted against productivity. If the US had an issue with being flooded by low quality workers, wouldn't you expect productivity per worker to go down? But it has not. Wages stagnated still.

In fact, there is an equation that describes the relationship between wages, gdp, and another value. It is an accounting identity. If wages are stagnant while gdp increases, you know with 100% certainty where the money is flowing to. And it's not your fellow workers of lower caste.

Share of income from capital = rate of return on capital * (capital/income)

The income variable itself has two parts - wages, and the share of income from return on capital. So, if wages are stagnating, but income is increasing, where in this equation is the excess money coming from?

To determine if you are rich, ask yourself, "What part of my income comes from return on capital vs wages?" If the majority is in wages, you are not the benefactor of the current system. The benefactors of the current system, in fact, love that you focus your rage on members of power castes, who are largely irrelevant in the picture, rather than the benefactors.

They also like to throw you a bone, day "look how much I pay you! The left wants to go after rich people like you!" When they know very well, the fact that you are working and being paid for your work at all, by definition establishes you as part of the lower class in the current system.

Flooding markets with cheap labor drives wages down. Period, end of story. I don't remember anyone ever arguing that illegals are responsible for stagnant wages. Oh and, don't be retarded.

 

[PostmodernProphet]

The stupidity of the argument that immigrants caused Americas stagnant wages

cool idea, lets start a post about something that never happened and argue against it......

 

[Sirthinksalot]

This is a graph of wages plotted against productivity. If the US had an issue with being flooded by low quality workers, wouldn't you expect productivity per worker to go down? But it has not. Wages stagnated still.

In the interest of saving space, I removed most of the OP. The issue isn't the labor force being flooded with workers of low quality. There are plenty of people who can perform repetitive jobs that require no real skill adequately. The issue is workers with low skill levels who see the US minimum wage as being worth a fortune, because minimum wage in the US is far more than they can hope to earn in the shithole countries they are illegally coming here from. Thus employers don't have to offer better than minimum wage to attract workers, driving down wages.

 

[Text Drivers are Killers]

You are lying again. We are not saying immigrants are low-productivity workers. But they do work for low wages.

 

[mak2]

If you see a graph without a 0, don't look at it.