But if illegal immigrants won't pick our produce or bus our tables won't our prices go up? This was the argument cons were making in the 2000's. "Do you want to pay an extra $10,000 for your next house?") The answer is simple: Yes.
But wages would also go up, and even faster than housing or food prices. And CEO salaries, and corporate profits, might moderate back to the levels they were during the "golden age of the American middle class" between the 1940s and Reagan's declaration of war on the middle class in the 1980s.
We saw exactly this scenario played out in the US fifty years ago, when unions helped regulate entry into the workforce, 35 percent of American workers had a union job, and 70 percent of Americans could raise a family on a single, 40-hour-week paycheck. All working Americans would gladly pay a bit more for their food if their paychecks were both significantly higher and more secure. (This would even allow for an increase in the minimum wage - as it did from the 1930s to the 1980s.)
But wages would also go up, and even faster than housing or food prices. And CEO salaries, and corporate profits, might moderate back to the levels they were during the "golden age of the American middle class" between the 1940s and Reagan's declaration of war on the middle class in the 1980s.
We saw exactly this scenario played out in the US fifty years ago, when unions helped regulate entry into the workforce, 35 percent of American workers had a union job, and 70 percent of Americans could raise a family on a single, 40-hour-week paycheck. All working Americans would gladly pay a bit more for their food if their paychecks were both significantly higher and more secure. (This would even allow for an increase in the minimum wage - as it did from the 1930s to the 1980s.)