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>Global GDP would double if labour was allowed the same freedom of movement as capital. Really? And would global average wages double, or would the profit mar
by eli_gottlieb 11y ago
>Global GDP would double if labour was allowed the same freedom of movement as capital.
Really? And would global average wages double, or would the profit margins on ever-cheaper labor do all the growing?
- wrong_variable 11y agoAssuming inequality is constant - then yes. Your purchasing power would double, you could afford twice as much food, apple would produce twice as many ipads, etc.
- eli_gottlieb 11y ago>Assuming inequality is constant - then yes. Variables rarely remain constant in the real world in the way that they do in ceteris paribus thought-experiments.