By keeping labor supply down, immigration policy tends to...

By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.

Paul Samuelson Quote About Depressing, Immigration, Wages: By Keeping Labor Supply Down...

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