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796
[–] • 5 pts

This graph illustrates low skill jobs. Illegals typically don't have high paying skills: few doctors, engineers, electricians, managers and so on.

To stop being poor, you need to move yourself out of the glut of low skilled workers into areas that aren't as crowded like aerospace, robotics, AI, civil engineering, medical industries and so on. Either that or create your own niche and do something few other people can do.

Crime, dealing drugs and prostitution can pay well, but these types of professions have other negative issues.

[–] • 4 pts

when your senior programmer is $haniqua and your manager is Kumar

[–] • 1 pt

You need to shift jobs.

[–] • 2 pts

Fortunately not my job, but I've met those who have said jobs.

[–] • 2 pts

Either that or create your own niche and do something few other people can do.

I think the important thing is have a niche and be able to connect with the customer. Understand their business, opportunities, and challenges as well as be competent at what you do. If you do those things, you can be acceptably good and be successful. Better if you are the expert, always, but successful enterprises are not necessarily the best in their field. There are plenty of examples of this.

Rather than crime, I think a private investigator specializing in political influence may be a good business opportunity also. It's crime adjacent.

[–] • 2 pts

Some nice places to live only have low skill jobs.

[–] • 0 pt

Correct. In this case, you make your own job.

[–] • 1 pt

This is excellent advice. If Pablo the broken English speaking criminal from Mexico steals your job, you're a pretty bad worker.

[–] • 1 pt

I always tel people, you don't get paid what you're worth, you get what you negotiate.

[–] • 1 pt

And value is subjective. If a tree knocks my power out and a lineman offers to fix it right meow instead of when the power company shows up in a week, I'm highly amenable to negotiating. Because I'm not paying for half an hour of his time, I'm paying for a the +10 hours I'd spend babysitting my generator for the next week. Which is worth a heck of a lot.

[–] • 3 pts

Good graph. I had an awesome micro economics teacher who I totally did not appreciate at the time.

Everyone should do best at the market clearing rate (x in the center) where sane supply of labor (S1) intersects the blue labor demand line.

Blue line: as labor is cheaper firms will buy more. Grey line: as wages increase more workers will be interested. A rational market (hah!) will maximize the area of the rectangle with a point at PQ. You may think of this as best wages and fewest people needed to do the job. Everybody wins.

Now you add millions of job seekers to the population which shifts labor supply right because - more people need a job and bid wages down - more of these people have non-wage earnings such as food, health care, and shelter support meaning they need less to be satisfied. That is the black line (S2).

Firms optimize to the new labor condition of more low skill people who demand less.

The new equilibrium is high employment at low wages. The work place is full of people who do not care about or are unable to satisfy the customer. Hooray!

[–] • 0 pt

I remember annoying a microecon teacher because I spent an entire semester sitting in the front row reading Atlas Shrugged in class.

On one hand, student flagrantly not paying attention. On the other hand, Atlas Shrugged is a more accurate education in economics than most Phds get...

[–] • 1 pt

"Demand for labor" should be "Demand for your labor"

There's still plenty of demand, there's just a overly populous supply of cheaper labor.

[–] • 1 pt

Demand is always infinite in total, but finite at any given price. Hence the demand curve...and also why an overly populous supply decreases the market price.

[–] • 0 pt

And the demand will keep choosing the cheaper labor, no matter the quality of said labor.

[–] • 1 pt

Not necessarily. Low quality labor is a substitute good for skilled labor. They dont substitute 1:1, and some people are willing to pay skilled labor even at dramatic cost differentials.

[–] • 0 pt

Where is the black lazy factor on this graph?

[–] • 0 pt

Laziness is why the supply and demand curve exist. I'm too lazy to get off my couch for $1, but I'll fly to your house and rake the yard for $50,000. Somewhere in the middle is the amount someone else will accept to rake your yard, hence why you dont hire me. I'm too lazy to do it for $50, but someone else isnt.