Same as it ever was. The New York Times, 1856:pic.twitter.com/wiMvYPnUcb
Stockholders have an incentive to drive wages down. Landlords have an incentive to drive rent up. These two groups own basically everything, and control most of our society and politics. But yes, immigrants are to blame.
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Three doors down from my house is a house rented out a room at a time, plus 3 cabins in the garden. Everyone renting is an immigrant, but so is the landlord.
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That proves it. You are very astute.
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Fundamental fact in economics is that wages go down when supply of labor is high. In the case of unlimited supply of labor the wages will bottom. Neoliberal economics wants capital to flow free to the cheap labor & the free flow of labor in the opposite direction is its wet dream
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Have no fear: the “independent” central bank corrects for these contradictions via precision interest rate tinkering.
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Ah, the classics! Capital, land & labor.
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Hasty generalization. My father has owned and managed rental property my whole life. Not all landlords raise prices, even if these ‘incentives’ you claim actually exist. I’ve cleaned up after disgusting tenant after disgusting tenant for him. He’s let people slide $1k behind.
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anecdotal evidence, as ever, remains unverifiable and worthless
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