The Mystery of the Vanishing Pay Raise 11 years ago
Whenever there's an article about the lack of jobs or pay for the middle class, the first thing I do is hit Ctrl+F and start typing "immigration". This being the New York Times, it doesn't show up, for a variety of partisan and ownership-related reasons.
Supply and demand applies just as much to labor markets as it does to any other. The "vanishing pay raise" makes a lot more sense when you consider the deliberate increase in labor supply for the explicit purposes of lining the pockets of crooked billionaires like Mark Zuckerberg and Carlos Slim.