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No problem with the actual best and brightest as long as they are paid in the 90th percentile of market wages. edit: based on the downvotes there's a significa
by droithomme 7y ago
No problem with the actual best and brightest as long as they are paid in the 90th percentile of market wages.
edit: based on the downvotes there's a significant number of HN participants who believe that the best either isn't the top 10% or fewer, or the best shouldn't be paid for their skills. Interesting.
- zelly 7y agoHN probably thinks you're implying that immigration decreases your wages, but that's not necessarily wrong. By basic economic theory, an increase in the supply of labor decreases wages. Eventually you get the situation in the U.S. where electricians and union garbage collectors make more than mechanical engineering PhDs, because they aren't importing more electricians the way they're importing engineers. It's one thing to make a moral or ideological statement on immigration, but it's another to deny the economic reality. Unless we change the way our economy works and how we allocate money, there is a finite amount of capital available to given sectors. Surely no one would argue with the extreme example, like what if every single adult in New York was a roboticist--how much do you think working roboticists in New York would get paid?