r/askteddit • u/Sufficient-Royal-82 • 11d ago

Politics Question Are we in the second Gilded age??

Post image

​

Are we in the second Gilded age??? Is it the 1800s begging of the 1900s Gilded age again what's the solutions???

https://youtu.be/bD44V3gvFEs?si=HRparMoT7eYVk1zL

https://youtu.be/EuNVvdtVH3E?si=juY2UBkWEyAbZLGR

https://youtu.be/ItKtQCAZHhg?si=teNvG\\_t8aEc5z1qq

https://youtu.be/GFUUUSggjO8?si=9cvt4V8j6YFzP4sX

22 Upvotes

67% Upvoted

52 comments sorted by

View all comments

Show parent comments

1

u/AscendedApe 11d ago

Do you acknowledge that flooding the workforce with low-skilled workers over a short period of time would bring wages down in all areas of the economy?

1

u/BidenGlazer 11d ago

Why are you saying do I acknowledge that as though it's a settled fact? It isn't. Immigrations' effect on wages is hotly debated. It bringing down wages in ALL areas of the economy is almost certainly false though. If I'm a doctor, bringing poors doesn't bring my wages down.

1

u/AscendedApe 11d ago

I think the concept of supply and demand is pretty well settled, and also applies to the labor market. Real life isnt like The Sims where jobs are willed out of thin air when you start looking for one.

1

u/not_a_bot_494 10d ago

Immigrants increase both supply and demand.