Re: Cost of living and its effect on immigration
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The average person looking to move to escape poverty or persecution will not be up on or care about current market conditions. They don't think that deeply.
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You don't have to "think deeply" about market conditions to make decisions based on them. If no employers in the labour market doesn't offer income sufficient enough to move, they will not move. They don't need to read the WSJ to make employment decisions.
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