Wage growth

[BlasterBates]

Might it have no effect on wage growth? I'm only asking because you seem not to be able to calculate all possible outcomes. It reinforces my belief that you have limited analytical thinking.

I'm all in favour of analytical thinking. That's why I draw my conclusions based on academic studies:

http://cep.lse.ac.uk/pubs/download/EA019.pdf

i.e. immigration doesn't drive down wages

Have you thought of that ?

Perhaps you're simply limited in your analytical thinking.

[eek]

I'm all in favour of analytical thinking. That's why I draw my conclusions based on academic studies:

http://cep.lse.ac.uk/pubs/download/EA019.pdf

i.e. immigration doesn't drive down wages

Have you thought of that ?

Perhaps you're simply limited in your analytical thinking.

From the introduction

Any negative impacts on wages of less skilled groups are small.

How could immigration drive down wages of the low paid when there is a legal minimum wage and the average wage of the low paid is always just above the legal minimum?

Granted its an academic survey. but its hardly a good one as it ignores the blooming large elephant in the room that determines its result....

[LondonManc]

From the introduction


How could immigration drive down wages of the low paid when there is a legal minimum wage and the average wage of the low paid is always just above the legal minimum?

Granted its an academic survey. but its hardly a good one as it ignores the blooming large elephant in the room that determines its result....

Immigrants may work for less - this is the £9/hour jobs that immigrants may do for £8.

[DodgyAgent]

I'm all in favour of analytical thinking. That's why I draw my conclusions based on academic studies:

http://cep.lse.ac.uk/pubs/download/EA019.pdf

i.e. immigration doesn't drive down wages

Have you thought of that ?

Perhaps you're simply limited in your analytical thinking.

There is still no evidence of an overall negative impact of immigration on jobs

How is it measured anyway other than through this throw away line?

[minestrone]

There is still no evidence of an overall negative impact of immigration on jobs

How is it measured anyway other than through this throw away line?

We have to give him credit for not letting his obvious mental disadvantages get in the way of him contributing to the conversations on the forum.

[jamesbrown]

I smell a rat.

The rat is essentially self-employment and a lack of full employment. You see exactly the same pattern in the US. Essentially, QE and cheap credit (specifically, FLS in the UK) has allowed unproductive businesses to survive and retain their workforce, leading to a somewhat shallower recession but a very anaemic recovery. With a plentiful supply of labour, the work is distributed across more people. Hence, more people in work (largely self-employed) and lower wages. That's my take, anyway. Other explanations are available

[LondonManc]

The rat is essentially self-employment and a lack of full employment. You see exactly the same pattern in the US. Essentially, QE and cheap credit (specifically, FLS in the UK) has allowed unproductive businesses to survive and retain their workforce, leading to a somewhat shallower recession but a very anaemic recovery. With a plentiful supply of labour, the work is distributed across more people. Hence, more people in work (largely self-employed) and lower wages. That's my take, anyway. Other explanations are available

Wouldn't you agree that a slower rate of change in employment level is good?

[BlasterBates]

We have to give him credit for not letting his obvious mental disadvantages get in the way of him contributing to the conversations on the forum.

Reports like that do have big words in them that you probably don't understand.

For a Brexit voter though your IQ isn't bad.

[jamesbrown]

Wouldn't you agree that a slower rate of change in employment level is good?

It depends what you mean by rate of change (and in what). Certainly, stable employment statistics are better than rapidly increasing unemployment OTOH, churn (hiring/firing) within the labour market is considered a good measure of a healthy labour force and a source of wage inflation. The employment statistics are stable but, as in the US, they hide a lot of ugly characteristics when you decompose them.

[scooterscot]

Germany has taken in loads of migrants and yet I'm paid silly amounts of cash. Loads.

What's going on?