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One major differentiator between the US and China is that China traditionally / currently is not considered a good destination for foreigners / immigrants. (eve
by xt00 4y ago
One major differentiator between the US and China is that China traditionally / currently is not considered a good destination for foreigners / immigrants. (even Chinese people inside China from lower tier cities / countryside struggle to gain residency in top tier cities or get good jobs / benefits). Whereas the US, for all of its flailing around politically, is perceived by many people in many countries as a good place to move. So immigration is a major leverage point the US can / should use to keep the economic engine going. A working age person coming to the US and working hard is basically one of the best case scenarios -- the US tax-base did almost nothing then suddenly you have a new productive person. Contrary to tons of rhetoric, unless you have a failing business, virtually all people at your company will maintain employment if their production is more valuable than what you pay them -- so they end up being a net gain. And last time I checked, not many people come from another country with furniture, a house, a car, etc.. (so they both produce for some company, and consume likely at much higher levels than say boomers who already own virtually everything they need). So, hopefully the US doesn't lose its "mindshare" leadership around being a good destination for immigrants, because in the next 50 years we will see more and more battles for bringing immigrants to your country to make up for the low birth rates.
- quickthrower2 4y agoI don’t think the US is easy to emigrate to for extended periods of time. I am put off by being tied to one employer in an at-will employment culture and needing that job to stay resident. Wikipedia says 188,100 new and initial H-1B visas were issued in 2019. So not a lot.
- avrionov 4y agoUSA also has the Green Card Lottery which provides 50k visas per year.
- quickthrower2 4y agoEach 100k is 0.03% of the US population. So it is not much.
- avrionov 4y agoIt added about 1.5M since 1990 which is a huge number.
- mrow84 4y agoAccording to [0] there are more than 3.5 million births per year, so a bit more than 100 million since 1990. 1.5% isn’t insignificant, but I wouldn’t call it huge. [0] https://www.statista.com/statistics/195908/number-of-births-in-the-united-states-since-1990/ https://www.statista.com/statistics/195908/number-of-births-...
- ajmurmann 4y agoThat's also bad for US salaries as those visa holders have less mobility and thus drive the equilibrium price down. It's a lose/lose in the name of "ma jobs"...
- outworlder 4y agoThere's also L1 visas, O, etc.
- 908B64B197 4y ago> currently is not considered a good destination for foreigners / immigrants. (even Chinese people inside China from lower tier cities / countryside struggle to gain residency in top tier cities or get good jobs / benefits) And to the US. Once Chinese reach tier 1 cities, they try to get their kids into US universities. > So, hopefully the US doesn't lose its "mindshare" leadership around being a good destination for immigrants, because in the next 50 years we will see more and more battles for bringing immigrants to your country to make up for the low birth rates. This was predicted ad-nauseam (especially when the last administration took office). Yet the opposite happened [0]. 3-5x more applicants than the per year quota. [0] https://redbus2us.com/uscis-received-484k-h1b-registrations-fy-2023/ https://redbus2us.com/uscis-received-484k-h1b-registrations-...
- puranjay 4y ago> Whereas the US, for all of its flailing around politically, is perceived by many people in many countries as a good place to move. The lower language barrier is a massive help. Thanks to British colonizing half the world, there are over a billion people who speak and understand English. Hollywood (and now, TV shows) help too. American culture is already familiar to most people across the world. You're less likely to get a culture shock moving from India to USA than from India to China.