Why Letting in More Foreign Workers Won’t Lower Housing Prices

Increasing the cost of manpower might spur greater efficiency and technological advance by the industry, which could offset much of the increase in wage costs, ultimately resulting in lower housing prices.

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It’s been many a year since Israeli women heard wolf-whistles from Hebrew construction workers. Israeli builders protest that they’d love to hire Israelis and would pay top shekel, but that Israelis balk at...