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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (342446)7/8/2007 2:07:05 PM
From: tejek  Read Replies (1) of 1573685
 
re: Where's the wage pressure?

Good article.

My belief is that employment of illegals is very much changing the supply/demand situation and blunting wages. And my WAG is that it is skewing the unemployment rate numbers somehow.

I agree with CJ.......the people who most compete with illegals have given up looking for a job and have stopped receiving unemployment benefits. After all, 12 million illegals is not a small number and its probably an undercounting. And that's what's keeping wages down.

In a slowing economy, there has to be some explanation for rising corp. profits for industry that serves only the domestic market and that one makes the most sense.
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