Thursday, Feb 21, 2008
Evanomics blog
BBC News: Migrants go home
...And away from the labour market, think about house prices! At a time when they are falling, a reduction in migrant numbers might intensify the difficulties faced by buy-to-let investors, and the market as a whole.
Posted by dam1an @ 04:34 PM (372 views) Add Comment
3 Comments
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1. dohousescrashinthewoods said...
Hmm, we're about to see that wage-price spiral as the earnings stats get un-skewed..
2. it_is_going_with_a_bang said...
You mean they might get sick of being expected to do our society's low paid work?
Surely not.
3. dohousescrashinthewoods said...
Exactly - every "goldilocks" economy without some kind of slave labour to support it, whether that is actual slavery, or low-paid masses who are given all the unpleasant work.