You're stupid, Wolfie, in this instance, "labor" is the commodity being discussed an labor increases or decreases in value based on the Law of Supply and Demand (a not so "silly economic theory" that's been around for about 800 years, Wolfie: in case you missed the point).
What economic enterprise doesn't require some amount of labor, Wolfie?
The problem, Wolfie, is that illegals that willingly work for half of what an American would demand drives down wages. So, no, an employer won't pay $15 per hour when there are beaucoup illegals willing to do the same job for $7.50, Wolfie.
Originally Posted by I B Hankering
Oh God, you keep going back to that. I have already answered that question of yours. You are chasing after your own tail.
Read this.
http://www.salary.com/eight-things-t...st-your-pay-2/
http://www.epi.org/publication/webfeat_lessons20001101/
Why the American working class is getting paid less and why less unemployment means higher income for workers:
(1) Unions have lost their bargaining power
(2) Service industry jobs are prevalent and have been historically low paying jobs
(3) Less manufacturing jobs because they have been sent overseas
(4) higher income earned by managers and sales force
(5) change in culture: more of a me-me culture
(6) It's becoming less affordable to go to college. College graduates make more money than high school graduates.
(7) Falling minimum wage value in relation to increasing cost of living
(8) Jobs are being outsourced to cheaper nations that have highly skilled and educated work force
(9) Inexpensive smart technologies are making the working man obsolete
(10) American workers are afraid to lose their jobs in an uncertain economic climate so they don't demand pay raises
(11) Corporations have learned how to sever the link between productivity and higher worker income by becoming more efficient.