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So I was looking into the status of immigration to the US from Norway, since this is all the rage right now. Apparently, Norwegian immigration to the US used to be very large.
https://www.npr.org/sections/goatsa...-immigrants-from-norway-turns-out-we-once-did
I mean, that's a lot. The article goes on to say some more interesting things.
Ah...now isn't that interesting. The mass migration away from Norway resulted in a labor supply shortage, which meant that wages went up to compete for that scarcer labor pool, something I've been saying for a while. You also saw the same effect happen with much more tragic events, like the Black Plague, which reduced the labor force by about a 3rd. This enabled workers to demand more.
Well, golly, but we keep on hearing liberals talk about how immigration is an economic boon to an economy. But then you find the opposite in little factoid nuggets of information written and propagated to fit a certain anti-Trump narrative (I don't care about that actually). In doing that, they accidentally undermine their own narrative.
Fact is, we cannot expect wages to grow when there is virtually no end to the supply of labor. You will take your low wage and be thankful you have a job. My position on immigration has always been economic and the health of the US workforce. We should shut down almost all immigration, from all countries (yes, all of them) for a certain period of time until we've seen the pressures of the shortage of labor bring about increases in wages. Then we can start fiddling with it and see exactly where and how much the line is between where benefits end and wage suppression begins.
Thanks for your honest reporting NPR.
https://www.npr.org/sections/goatsa...-immigrants-from-norway-turns-out-we-once-did
From 1870 to 1910 a quarter of Norway's working-age population emigrated, mostly to the United States. You read that right — one-fourth of its workers left the country.
I mean, that's a lot. The article goes on to say some more interesting things.
Back then Norway was quite poor. Wages were less than a third of what they were in the United States. And the wave of emigration out of the country quickly benefited those who remained. That's because it reduced the supply of workers in Norway, so those left behind could demand higher wages. And this helped narrow Norway's wage gap with the U.S. by 25 percent over that same 40-year period, putting Norway on the path toward its status today as one of world's most prosperous nations.
Ah...now isn't that interesting. The mass migration away from Norway resulted in a labor supply shortage, which meant that wages went up to compete for that scarcer labor pool, something I've been saying for a while. You also saw the same effect happen with much more tragic events, like the Black Plague, which reduced the labor force by about a 3rd. This enabled workers to demand more.
Well, golly, but we keep on hearing liberals talk about how immigration is an economic boon to an economy. But then you find the opposite in little factoid nuggets of information written and propagated to fit a certain anti-Trump narrative (I don't care about that actually). In doing that, they accidentally undermine their own narrative.
Fact is, we cannot expect wages to grow when there is virtually no end to the supply of labor. You will take your low wage and be thankful you have a job. My position on immigration has always been economic and the health of the US workforce. We should shut down almost all immigration, from all countries (yes, all of them) for a certain period of time until we've seen the pressures of the shortage of labor bring about increases in wages. Then we can start fiddling with it and see exactly where and how much the line is between where benefits end and wage suppression begins.
Thanks for your honest reporting NPR.