Quote:
Originally Posted by Peaches
Produce won't go up in price. Housing won't go up in price. Manual labor won't go up in price. The marketplace sets the prices - not the sellers. Profits for those using the illegals to make money will go down.
|
Dammit. 35 years in business and I always thought costs mattered
Okay so the theory you described is correct as it stands, but it is only part of the picture. "The marketplace" does reflect costs and when cost increases affect a significant proportion of an industry, unless margins are high and/or demand weak, that industry will increase its prices. The most obvious recent example is gas. There are companies in every industry which set trends. If they swallow increases, so will most others. If not, prices rise. The same principle applies to price reductions.
Whether prices would rise across every industry in which immigrants are heavily involved, remains to be seen. But don't be in such a rush to declare flat out that there would be no increases at all.