At last! The fucking penny has finally dropped. Allowing the supply of labour to expand will inevitably depress wages and salaries (except in those professions that operate a form of closed shop such as lawyers and MPs).
Note how coyly immigration is described as "inward migration".
Article by Larry Elliott in the Guardian: http://www.theguardian.com/money/economics-blog/2014/sep/17/wages-rise-employers-compete-pay-labour?CMP=twt_gu
Note how coyly immigration is described as "inward migration".
Article by Larry Elliott in the Guardian: http://www.theguardian.com/money/economics-blog/2014/sep/17/wages-rise-employers-compete-pay-labour?CMP=twt_gu
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