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To the point about capital mobility, I was just making a point about the phenomenon where Jeff bezos will come into town and demand millions of dollars in subsi
by fallingfrog 7y ago
To the point about capital mobility, I was just making a point about the phenomenon where Jeff bezos will come into town and demand millions of dollars in subsidies or else he’ll take his warehouse elsewhere. He can do that because capital is mobile and people are not.
The same phenomenon applies in a different way to Mexico; you want to move your factories to where labor is cheap. But if all those Mexicans can just leave, it defeats the purpose of moving your plant to Mexico.