You’re assuming everybody has the same buying power. That is in reality not the case. If you remove 20% of the people, buying power only goes down by something like 2%. Therefore your point seems disputed?
No I’m not, I’m just not assuming immigrants have 0 buying power, which your post implicitly was. Yes supply increases but demand also increases. Beyond that you get into the realms of having to do empirical research as to which is more (which is difficult).
it’s not that difficult, it’s quite obvious that immigrants and poor people have less buying power and therefore create less demand, while probably working harder than any billionaires and therefore create more supply.
i’d also argue that is straightforward to see. i don’t see your misunderstanding?
You’re assuming everybody has the same buying power. That is in reality not the case. If you remove 20% of the people, buying power only goes down by something like 2%. Therefore your point seems disputed?
No I’m not, I’m just not assuming immigrants have 0 buying power, which your post implicitly was. Yes supply increases but demand also increases. Beyond that you get into the realms of having to do empirical research as to which is more (which is difficult).
it’s not that difficult, it’s quite obvious that immigrants and poor people have less buying power and therefore create less demand, while probably working harder than any billionaires and therefore create more supply.
i’d also argue that is straightforward to see. i don’t see your misunderstanding?