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No, it's measuring wages and inequality. Are you claiming that global wages would have increased even further without globalization? It would be fun to see som
by yummyfajitas 11y ago
No, it's measuring wages and inequality.
Are you claiming that global wages would have increased even further without globalization? It would be fun to see some sort of argument in that direction.
To observe the result of immigration, you basically just need to compute immigrant wages - wages of whoever is left back at home. Those wage gaps are so huge that they dwarf anything which happens domestically.
- EGreg 11y agoGlobal wages have increased, US wages have fallen in mean reversion t to the global average. Immigration makes workers participate in paying for your society's taxes and paying for its social expenditures. Outsourcing is a vote against your own standard of living. But it helps more people than it hurts, if you ignore national interests!
- yummyfajitas 11y agoUS wages have remained flat only because employers have increased non-wage benefits rather than wages. Worker compensation has done nothing but go up. https://research.stlouisfed.org/fred2/series/ECICOM https://research.stlouisfed.org/fred2/series/ECICOM https://research.stlouisfed.org/fred2/series/RCPHBS https://research.stlouisfed.org/fred2/series/RCPHBS In short, everyone has become richer. Also, outsourcing increases your own standard of living. Foreigners work while locals consume. What next, hiring a maid reduces my standard of living?