Yahoo says to thank the 1 in 5 workers in the USA being illegals, it lowered inflation

[smokingman]

YAHOO: Inflation ‘Cooling’ Thanks to Cheap Migrant Labor Depressing Your Wages.

Cheap migrant labor is the cause of subsiding inflation numbers — while also depressing the wages of American workers. While inflation ticked up slightly

thenationalpulse.com

 

[BehindBlueI's]

**** Yahoo, **** NAFTA, **** the lack of immigration control, **** the companies playing wink-wink-nudge-nudge games and knowingly hiring illegals on paperwork that wouldn't fool a critical 3rd grader, and double **** Bill Clinton. I'll see myself out of this thread as well before I get cranky again.

 

[Twangbanger]

Totally worked in Cali...

Again with the "wage-price spiral." I think it's funny economists never warn us about a "Government Benefits Price Spiral." Can someone refer me to an example where the dreaded "wage-price spiral" occurred on a sustained society-wide basis? I thought this was a holdover from the 70s.

It seems to be at the bottom of all these articles, we're told to fear it, and I realize there's places and times inflation went nucking futs. But the poster children like Venezuela weren't due to rapidly rising wages, if I understand correctly.

Is this a theoretical bogeyman, or did/does it happen?

 

[spencer rifle]

So now we're supposed to be thankful for exploiting workers? I'm so confused...