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American reliance on high-skill immigrants to build value-generating businesses is reflective of long-term weaknesses, both due to increasing hostility to immig
by bleepblorp 6y ago
American reliance on high-skill immigrants to build value-generating businesses is reflective of long-term weaknesses, both due to increasing hostility to immigration, and due to domestic high-skill talent being pulled into zero-sum economic sectors that extract economic rents but create no value. Unless the US is prepared to address these weaknesses, they will gradually erode US standing vs. China.