Heterodox
Ha-Joon Chang in 23 Things they Don’t Tell you about Capitalism states something few heterodox economists are prepared to discuss:“Wages in rich countries are determined more by immigration control than anything else, including any minimum wage legislation. How is the immigration maximum determined? Not by the ‘free’ labour market, which, if left alone, will end up replacing 80–90 per cent of native workers with cheaper, and often more productive, immigrants. Immigration is largely settled...
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