See here's the thing that big business doesn't want the average American to understand. Some of you may think I need a tin foil hat to go along with this theory but if you hear (read) me out you'll have to admit it makes sense.
We all know about supply and demand.
When demand goes up, supply goes down, and prices increase.
When demand goes down, supply goes up, and prices decrease.
In business, prices are indeed controlled by the supply/demand curve (assuming there's no monopoly)
You have competitors who are trying to take business from you and they price their goods accordingly, but still at a level high enough to make a profit, and the consumer wins.
It's supposed to work the same way in the wage market.
When unemployment gets low, businesses have to fight harder to get workers, and wages go up.
When unemployment is high, there is a glut of workers and wages go down or stagnate.
However, during the current administration businesses have been able to artificially control the supply of workers available by importing illegal immigrants. (Knowing that this administration's INS would look the other way)
By doing this the supply always stays high, so not only do you get cheap labor from illegal immigrants, but you can also depress the entire wage market by keeping the unemployment rate high.
It's the equivalent of the Chinese "dumping" cheap textiles or shrimp or whatever into the American market in violation of WTO rules, something that we as a people would throw a fit about. Only in this case American businesses are dumping cheap labor onto the market.
Now what's even worse is this president is trying to make this practice legal.
If you believe that this is somehow good for the American economy then you've been drinking way too much of the republican kool aid.
