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djmobley | 5 years ago
A small number act to stimulate supply in those markets (e.g. entrepreneurs setting up businesses, or construction workers building the pitiful number of new homes that get built each year), but the vast majority simply add to the demand-side, driving down wages and increasing rents and property prices.
This applies to both skilled and unskilled migrants. The former often come with savings and significant professional experience. Great for businesses, rubbish for our young people.
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