3 ms·
The belief that economics is a zero-sum game is sadly quite prevalent.
by neuronexmachina 9y ago
The belief that economics is a zero-sum game is sadly quite prevalent.
- Banthum 9y agoIt's not about zero sum. It's about supply and demand. If you supply labor at X skill level, an influx of immigrants at X skill level (but not of Y or Z skill level) will reduce the buying power of your wages. Taking it to real life - people tend to oppose immigration when they are at X skill level, and support it when they are at Y or Z skill level. It's raw self-interest often dressed up as altruism or principle. You can see this understanding here whenever H1B is discussed - suddenly supply and demand becomes an obvious economic concept.