PyramidHead
Contributor
And so those workers cast the "raise capital" spell they learned from their Marxist textbooks???
No, you pay them enough that they can afford to buy your products, and presto: PROFITS!
1) That's long-discredited garbage.
2) The issue is where the capital comes from to expand the means of production by 20%, not where the sales come from. It takes a long time for sales to turn into capital.
I see where the problem is now.
You are assuming that nothing can be really changed about the way resources are currently produced and distributed (private investment and ownership, market competition, wage labor for survival, concentration of wealth in a minority of hands), and within this existing framework, it is indeed the case that adding more workers tends to lower wages.
I am taking the existence of poor families who need a place to live and are willing to work for it, but who are denied entry by a country with ample resources to satisfy both needs because moderate libertarians lack compassion and imagination, as powerful evidence that the way resources are currently produced and distributed must be changed.
To look at a situation where a few thousand migrants with nothing in their pockets and nowhere to turn simply cannot be accommodated nor tolerated by a country that has everything in abundance, and say "sales take a long time to turn into capital, therefore no action is required by us at this time", is why everybody thinks Americans are greedy scumbags.