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Yes, in a vacuum. It ignores the fact that at a given point of time, there are only a limited number of jobs in the market.
by president 6y ago
Yes, in a vacuum. It ignores the fact that at a given point of time, there are only a limited number of jobs in the market.
- fzeroracer 6y agoNo, you've managed to completely misinterpret how the lump of labor fallacy works and fell for the fallacy again. Job demand is elastic. If tomorrow X of all immigrants who held a job in the US left, that doesn't mean X jobs open up. You're losing X customers and Y investors where Y is a subset of X. Jobs are not a zero-sum game and H1B does not exist just to take away jobs because inevitably some of those people will go on to create more jobs and companies in the US. Again, I will repeat: The lump of labor fallacy is a fallacy for a reason.
- president 6y agoYou're straying away from the point and overcomplicating things. When a company has an open position and it is filled by an H1B worker, an American worker has lost that opportunity. That's zero sum. Whether or not H1B workers are going to go on to create more jobs has no bearing. You could say the same thing about the American worker that lost that job opportunity. You realize that just because something is named a "fallacy" doesn't mean it is one. Economists have bias too and are often employed/used by lobbyists to sway analysis.