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China has 3 times the population of the US and has a smaller economy than that of the US. Thus they have a oversupply of labor.
by pm90 6y ago
China has 3 times the population of the US and has a smaller economy than that of the US. Thus they have a oversupply of labor.
- MikeUt 6y agoI'm sorry, but we are constantly told what a wonderful effect immigration has on economic growth. Sergey Brin, Elon Musk, and so many more billionaires are immigrants, and there's no lack of articles telling us so [1,2]. If we apply the same logic, China's smaller economy would need even more immigration than that of the US. [1] https://www.washingtonpost.com/news/business/wp/2016/10/05/a-record-number-of-the-u-s-billionaires-are-immigrants/ https://www.washingtonpost.com/news/business/wp/2016/10/05/a... [2] https://www.businessinsider.com/immigrant-billionaires-united-states-elon-musk-jan-koum-2019-10 https://www.businessinsider.com/immigrant-billionaires-unite...