Growth Quote by Mark Krikorian
“By holding down natural wage growth in labor-intensive industries, immigration serves as a subsidy for low-wage, low-productivity ways of doing business, retarding technological progress and productivity growth.”
About This Quote
Immigration can keep wages low in labor‑intensive sectors, acting like a subsidy for low‑skill, low‑productivity methods, which can slow tech adoption and overall productivity growth.
In simple terms: Immigration may keep low wages and slow tech progress.
Key Takeaway
Consider how labor policies affect innovation.
Themes
economics
immigration
technology
productivity
labor markets
Mood
analytical
concerned
Type
policy
economic
When to use this quote
- policy debate
- business strategy
- economic forecasting
- labor negotiations
- technology planning
Key Concepts
subsidy effect
wage dynamics
technological diffusion
Questions to Reflect On
- How does low‑wage labor influence innovation?
- What policies could balance wage growth and productivity?
A Different Perspective
If wages rise, businesses may invest more in automation, countering the slowdown.
