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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: SilentZ who wrote (341663)6/28/2007 7:31:33 PM
From: Road Walker  Respond to of 1572505
 
re: We need to get the immigrants into the unions.

That's more unrealistic than getting ALL 12 million illegals out of the country. (And I realize that's not going to happen).

The only power the low wage worker has ever had is his scarcity. In fact that's the ONLY power in a capitalist society. It's unfortunate, but the worth of an individuals labor in the US always comes down to supply/demand.

If there were 12 million brain surgeons they would probably make minimum wage. If there were 10 guys who could play golf like Tiger Woods he wouldn't have made $110 Million last year. If there were only 10 electricians in the US they would make $Billions.

Flood the market and you lower unit value. Restrict supply and you raise unit value. It's really pretty simple.