As we are constantly told by the VCs and large tech firms, we need to open up the green card immigration program to allow developers in who will do the jobs that Americans just won't do. Like, for example, being a full stack web developer who does QA, customer support and data scrubbing for 12 bucks an hour while living in one of America's most expensive cities.
/s
Of course, this is almost certainly a situation where the person writing the job description has absolutely no idea what they actually need so they took a very bizarre shotgun approach.
I wouldn't know, I can't even get an entry level gig.
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There are protections under the law that are susposed to prevent this but they are wildly ineffective.
So on average, it should either have wages stay the same OR raise them a tiny bit
I'm just asking because you're making an appeal to something in that argument, and I'm curious if you're appealing to a serious scientific field of study, or something passing for one.
Karl Popper said falsifiability is an essential feature of any scientific theory, so it's not weird to ask for a falsifiable statement from "Microeconomics" so that we can tell whether it's a scientific theory.
Mind you, I don't disagree with your conclusion that prevailing wages go down when labor supply is increased. What I am asking is whether "Microeconomics" is a science.