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376 “All the (Unemployed) Young Dudes”

The Fifth Column

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Is There a Restrictionist Comeback to the Workforce?

If you reduce immigration, then you're going to finally bid up wages. What you were saying explicitly is that did not happen. We've now got this incredible peacetime labor shortage and we also have a drop in the number of people in the workforce. Immigration papered over the, and helped disguise the thing that you've detected here.

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