Income Inequality Will Worsen with Millions of Immigrants Who 'Work for Peanuts'

Income Inequality Will Worsen with Millions of Immigrants Who 'Work for Peanuts'

Limits To Growth
Nov 8, 2014

http://www.youtube.com/watch?v=A6d1FB1EbiE

Do schools still teach the basic concept of supply and demand, in particular that when a labor market is flooded, then wages fall? It often seems not, since news coverage of unemployment almost never mentions the effect of importing millions of foreign workers on wages and job availability.

Democrats wail about income inequality and advocate for an increase in the minimum wage while they worsen the problem with their open-borders policies. The Dems say their party supports the working class guy and gal, but their immigration positions are a stab in the back to ordinary people who work for a living. As Senator Jeff Sessions has said, America needs less immigration rather than more, particularly when 20 million Americans are unemployed.

http://www.limitstogrowth.org/WEB-Gr...chiganSnow.jpg

Investor Charles Payne nailed the idea in his usual plain-spoken style on a Saturday Fox business show:

“Think about a president like Obama and his wing of the party if you will that always talks about income inequality and a higher minimum wage, but we’re going to open up the door for people who will work for peanuts. I mean, people who work in this country have no chance. It’s nuts.”

http://www.limitstogrowth.org/articl...k-for-peanuts/