Comments by "TheEvertw" (@TheEvertw) on "A Different Bias" channel.

  1.  @BENTWOONEZERO  TL;DR: Yes. Long answer: there are short-term and long term effects. The short-term effects are that the migrant workers pay taxes and spend a significant amount of their wages in the country of work. This means that much of what they earn is not lost to the economy, but pumped around. That money is now taken out of the economy, as these positions are not taken over by others. And obviously, their efforts made profits for their employers, which are now also gone. The long-term effects are that migrant workers used to take specific types of jobs. This allowed a large part of the native population to specialize in other types of jobs, usually better paying jobs. As at least some of the vacancies need to be filled by native workers who used to do better paying jobs, this will further diminish the UK economy. Also, the wages for these people need to rise, putting profit margins under pressure for these businesses. That in it self is not a bad thing, as higher wages lead to economic growth as that money is pumped around in the economy as long as the companies can compensate for the higher wages by increasing their prices. This is not possible in areas where the produce is to be exported. Some of these jobs are also pre-requisites for other jobs, as most jobs interconnect through supply chains. These now need to be reshuffled. So, long term it means that there will be less people available for the more lucrative, high-margin jobs that made the UK an advanced economy. This not only reduces the per-capita income, but also taxes raised by the government, the value of housing, etc, etc. As many of the migrant workers were seasonal, this affects job security for the people replacing them. They can probably get work for the summer but not for the winter, leading to poverty as the UK is still an expensive place to live. As the migrant workers needed to stay somewhere during their time in the UK, their loss will lead to a reduction in house value. etc, etc, etc, etc. The main principle is that in a healthy economy, every worker generates more value than he/she costs, value that can be used to create more value. Not all work creates value, e.g. the military protects value but does not create any. But migrant workers were as far as I understand, not involved much in the military. Work in the e.g. NHS does create value, as it allows people to work more efficiently. Sadly, the UK is now discovering how much value their membership of the EU created...
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