Setting aside all the other issues, if you think creating a worker shortage (which might increase wages short term) will do anything good for your economy: it won’t.
Historically economic growth is pretty closely tied to population growth. More hands create more value. Removing hands will make the remaining hands more valuable but there is still less value created. And the people that hold economic power aren’t going to give up their share easily, so one way or another it will eventually mean even less for the workers.
Creating an under class of people doesn’t help. Look at the South vs the North. The south had slaves, the north largely did not. The north has much more industry.
While that’s true, the capitalists where getting richer and richer even before the big economic growth. They don’t really care. Also, the wage increases had to be hard fought for by a united working class. I don’t see american workers unite right now to fight the rich.
Setting aside all the other issues, if you think creating a worker shortage (which might increase wages short term) will do anything good for your economy: it won’t.
Historically economic growth is pretty closely tied to population growth. More hands create more value. Removing hands will make the remaining hands more valuable but there is still less value created. And the people that hold economic power aren’t going to give up their share easily, so one way or another it will eventually mean even less for the workers.
Creating an under class of people doesn’t help. Look at the South vs the North. The south had slaves, the north largely did not. The north has much more industry.
There was population growth in the late 1800s, it wasn’t until the population got paid more that the economy took off.
While that’s true, the capitalists where getting richer and richer even before the big economic growth. They don’t really care. Also, the wage increases had to be hard fought for by a united working class. I don’t see american workers unite right now to fight the rich.
Without exploitable labor employers will have to pay employees more. Workers won’t have to fight, they can do nothing and wages will still increase.
They can move production to places with available labour. You know for example the places you deported all that labour to.
Which is where the tariffs come in. Helps balance everything out.
By making the products more expensive while your wages stagnate? How’s that balancing anything out?
Why will wages stagnante?
A rising tide raises all boats or in this case wages.
Not if the work follows the workers outside of the US