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Originally Posted by G.K Zhukov
It's quite simple: as long as wages are kept low (due to the influx of immigrant workers who keep the market oversupplied), there will be no incentive for the employer to rationalize, invest in new equipment (constant capital) and so on. Thereby the productivity per hour will remain low.
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But surely this undercuts their point? Increased capital investment would similarly drive wages / employment down in the same way as immigration? Both immigrant and capital asset in theory replaces the work of the "indigenous" worker.
edit : Also, looking purely at economics misses the point about the immigration debate I thnk.