The Bank of England report does not claim that people are paid less than they used to be because of migration.
Do share - what is this secret code.
As I said previously - if you increase the supply then the price will fall. For example at the moment we only have one Lionel Messi and as such he is paid £100 Million a year. If we had a 100 Lionel Messi's then he wouldnt be able to command such a rate.
It’s not inevitable. In recent years Scottish whisky prices have risen even as supply has risen. The price of iPhones did not fall as production increased. There’s a lot more involved in pricing than supply levels.
Well the in the case of the iphone that was due to Apples decision to sacrifice sales figures for profit margin. In the smartphone sector as a whole as supply has increased then prices have fallen.
iPhone sales:
https://www.avforums.com/attachments/649c517c-296a-42c8-9588-7b244f23a643-jpeg.1145793/
Sales have increased as prices have increased.
I think you’re oversimplifying this a bit. You haven’tmentioned demand. There are all sorts of factors that affect pricing. If it were merely a matter of a simple volume-price relationship, then how would you explain, e.g., the art market in which prices can shoot up and collapse without any change of product availability?
This explains Apples business plan quite well and why they have now hit a wall.
Years in the Making, Peak iPhone Is Finally Here --The Motley Fool