Economics 101 lesson here from the RBA. More people means increased demand. Increased demand means higher prices. Higher prices means lower living standards.
So remind me again, why is immigration supposedly good and necessary?
Economics 101 lesson here from the RBA. More people means increased demand. Increased demand means higher prices. Higher prices means lower living standards.
So remind me again, why is immigration supposedly good and necessary?
If you want to go down this rabbit hole then add "The Creature from Jekyll Island" by G. Edward Griffin to your library.
Warning: Learning this stuff will make you less trustful of your government.
Sorry, this link should work
@ned
More immigrants means increased supply of labor, lowering wages and increasing production, therefor increasing supply of goods and lowering prices. Living standards still go down as these poorer workers get averaged into the statistics.
Inflation is due to governments printing too much money.
Read "Basic Economics" by Thomas Sowell
There's a lot more at play than population.
Also look at https://wtfhappenedin1971.com/
For even more clues
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