> whilst the poor get undercut and left out; natives can no longer make a living off sectors that were perfectly fine before
Might sound harsh, but so what? You can’t make a living connecting telephone calls either, used to be a perfectly fine job.
If you can’t make a living doing job x, the demand isn’t there and the supply will automatically reduce. If there is more demand than supply, wages will inevitably increase at some point.
This feels a lot like taxi drivers complaining that they can’t make a living in an era of deregulation. And again, so what? A couple of taxi drivers previously subsidised by the government through artificial supply constraints lose while the rest of society wins.
Might sound harsh, but so what? You can’t make a living connecting telephone calls either, used to be a perfectly fine job.
If you can’t make a living doing job x, the demand isn’t there and the supply will automatically reduce. If there is more demand than supply, wages will inevitably increase at some point.
This feels a lot like taxi drivers complaining that they can’t make a living in an era of deregulation. And again, so what? A couple of taxi drivers previously subsidised by the government through artificial supply constraints lose while the rest of society wins.