4 ms·
$78T for 8G humans are roughly $10,000 per person. If this is per month then its an interesting idea. But if this is per year then there is no incentive for th
by southerndrift 8y ago
$78T for 8G humans are roughly $10,000 per person.
If this is per month then its an interesting idea.
But if this is per year then there is no incentive for the Western citizens to open their borders. Average income is about $30,000 per year right now. If the job market is flooded with workers then there is no way that people will keep on earning that much. Additionally, the housing market will explode and people who rent their homes will have to move.
I wouldn't be surprised if opening all borders would lead to even bigger gains. After all, China's source of income is their huge pool of workers. But I don't think that $78T profits are a good argument to convince the West to open its borders.
- woah 8y agoThe housing market would be fine if people were allowed to build housing on their own land without an extremely expensive and onerous zoning process driven by those with a vested interest in expensive housing.