The H1B that is mostly talked about when it comes to IT jobs and imimgration requires companies to pay at least the prevailing wage for the area in question.
So on average, it should either have wages stay the same OR raise them a tiny bit
On what day of class do they prove that "Microeconomics" is a Science? Would you care to demonstrate that?
I'm just asking because you're making an appeal to something in that argument, and I'm curious if you're appealing to a serious scientific field of study, or something passing for one.
Karl Popper said falsifiability is an essential feature of any scientific theory, so it's not weird to ask for a falsifiable statement from "Microeconomics" so that we can tell whether it's a scientific theory.
Mind you, I don't disagree with your conclusion that prevailing wages go down when labor supply is increased. What I am asking is whether "Microeconomics" is a science.
So on average, it should either have wages stay the same OR raise them a tiny bit