We can see real time in the UK the effect that mass immigration has on wages: it keeps them way lower than the market rate otherwise.
We can see real time in the UK the effect that mass immigration has on wages: it keeps them way lower than the market rate otherwise.
Btw, something interesting about the UK is that there has been zero growth in the natural population for (I believe) almost three decades. All the growth has been immigration and natural growth from immigrants (who often have significantly higher fertility).
Personally, I don't know how the UK puts up with it. My colleagues over there make 1/3 of what I make, have 1/3 the size house, and pay 5x as much for it.
The issues that the UK are similar to a lot of developed countries just worse, and made worse by unusually bad govt interventions over decades. The frustrating thing about the UK is that a lot of the hard stuff is done well but it is just thrown away by nonsense policy in other areas (i.e. we have a great tertiary education system, and absolutely horrible primary/secondary so relatively few Brits can actually get value of more education...it is just nonsensical)
If planning/housing was solved conclusively, it would resolve 75% of the issues impacting consumers.
You see this in London and some cities outside (Glasgow is one) where there are primary schools with one or two white students (not making a racial point here, I making a point about immigration, Scotland is 99% white so these people have to be immigrants) in a class of 30 students.