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There's multiple ways to reach equilibrium. As people migrate, rents and wages adjust. And freedom of movement would also include allowing workers into the US,
by jldugger 11y ago
There's multiple ways to reach equilibrium. As people migrate, rents and wages adjust. And freedom of movement would also include allowing workers into the US, where wages are higher presently.
As an aside, you don't even have to have large migration to produce a new equilibrium. As long as workers could feasibly migrate, they can negotiate for higher wages in their home country using that as a BATNA.
- ne0n 11y ago> As people migrate, rents and wages adjust. Americans are not migrating to third-world countries because there are more jobs. That's not going to happen.
- jldugger 11y agoIn the 80s I witnessed several neighbors move to the Phillipenes for a job. It happens, esp in civil engineering / construction services. And on the margins, we have the nomadlist, which is predicated on the assumption that you can write code from nearly anywhere. But no, Americans are not emigrating in bulk any time soon. The thrust of my argument today is simply that greater inflows to the US is part of the 'free flow of labor' equation.