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Originally Posted by liveforadream
How about look this way.
There are about 27% of the working population have college degree. The % of population that has high school degree is about 90%. The working age in America is about 170 million people.
Let's assume as you say the average income of college degree holder is 50,000.
.71% in "real wages" (meaning adjusted for inflation) for the college degree holders in America means:
170 million x .27 x 50,000 x .71% = $16294.5 million = $16.3 billion real income to the income of college holders. I don't know the base year for this study, so the gain in nominal term will be much greater.
Now, the high school degree holders: 90% - 27% = 63%. Let's assume their average income is $30,000
170 million x .63 x 30,000 x .59 = $18956.7 million = $19 billion real income to high school degree holders. Again, if adjusted for inflation, the number would be greater.
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19 Billion? It still works out to $5.78 per week for the individual, even though it sounds better your way it's still the same thing. Taxpayer pay far more than the benefit they receive from illegals being here. How much in extra taxes is that individual paying for health care, education and social services?
Quote:
Originally Posted by liveforadream
The fact that the construction industry is a fairly competitive market, meaning there are quite a few firms selling identical products, dictates that the price will be driven to equilibrium of supply and demand. In another word, the firms are price-taker, not price-maker. If the input cost reduced by $1,600, then firms will be driven to lower their price charging the customers toward equilibrium because if they don't, other firms will do so and they will be driven out of business - firms can't charge whatever they want.
This is a simple principle that every student of microeconomic would understand.
Take some principle economics class since you don't understand how supply and demand works.
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Do you have even a shred of proof that the $1600 was passed on to the consumer instead of being pocketed by the builder? I'd like to see that please. Ideally, the savings would be passed on to a happy consumer...only in utopia world. Do you have a study that proves that the use of cheap labor domestically correlates to lower consumer prices? And those savings outweigh the overall increase in the cost of the illegal labor being here? I love to read, so feel I'd like you to back up your statements with data. If you have no data to prove the savings are passed on, just say so, don't side step it makes you appear you either don't know what your talking about or being disingenuous which ruins your credibility either way.
Back up your statements or why are you bothering to post them?