Quote:
Originally Posted by RICH1
They wanted to Raise Minimum Wage, and Now we all are suffering the consequences! It’s Expensive to live everywhere! If you can’t afford living in The Villages, then you need to rethink your life’s Plan .., PRICES ARE GOING UP IN THE VILLAGES
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Does immigration drive down inflation?
While the first speaks of immigration increasing the demand for goods and services; the latter speaks of immigration driving down inflation by increasing the labour supply, which is essence drives down real wage demands, preventing inflation.In addition many immigrants are willing to work for minimum wage in exchange for a new home in a land where they have hopes of achieving the "American Dream". Both arguments do have their rationale which seems true from their respective perspectives.