And whether we were offshoring factories to cheap labor economies or importing cheap labor through our immigration system, cheap labor became the drug of Western economies. And I'd say that If you look in nearly every country from Canada to the UK that imported large amounts of cheap labor, you've seen productivity stagnate. And I don't think that's not a total happenstance. I think that the connection is very direct. Now, one of the debates you hear on the minimum wage, for instance, is that increases in the minimum wage force firms to automate. (11:46–11:55)
CLAIM
Asserts that countries importing cheap labor have experienced productivity stagnation.
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