alt Hacker NewsTied to immigration levels, more cheap labor, more labor competition, wages go down. Immigrants willing to live 2 to a bedroom, rise in rent prices.
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p_j_w • today at 2:39 AM
The paper does not say this.
Tied to immigration levels, more cheap labor, more labor competition, wages go down. Immigrants willing to live 2 to a bedroom, rise in rent prices.
The paper does not say this.
I thought Trump fixed that? Shouldn't caging/deporting 2000+ people a day have a dent at some point? What do you blame when the immigrants are all gone?
Personally I'm pretty sure it's more about the value of property and the limitations on construction that wealthy property owners put in place to block development (which would lower property values.) Property values go up -> costs rise (taxes, insurance) -> rent increases. That and the fact that the government and corporate america (same thing really) want all development to happen within existing major metro areas. There's plenty of cities and towns with cheap housing, but they lack employment opportunities.