Good read on our economic quagmire currently
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It's simple. Labor is subject to supply and demand. Increase the supply of labor, and you lower the value of labor.
And not just for specific jobs. An artificially created labor surplus has a suppressing effect on the value of all labor. Illegal Mexicans working fast food and janitor jobs lowers the valuation of the labor of engineers, doctors and pilots.
Globalizing the economy also forces native Whites to compete with cheap foreigners.
Plus the "line goes up" crowd don't care at all about quality, which is the main advantage of hiring Whites.
Robert Macnamara fucked the whole country. Even though quantitative analytics has been disproven many times since, companies just keep doing it.
Without question.
During the Black Death, Scotland suffered a population decline of 30-50% percent. This was tragic, because at the time, Scottish elites didn't have the means to replace that lost population with Somalians. As a result, wages for the average peasant sadly tripled.