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Social welfare programs distort in the sense that it turns people who could be contributing to the economy into drags on the economy by becoming unemployed welf
by ETH_start 4y ago
Social welfare programs distort in the sense that it turns people who could be contributing to the economy into drags on the economy by becoming unemployed welfare recipients.
This matters because it leads to a generally lower quality of life.
Importation of cheap foreign labor distorts in the sense of reducing the wages of low-skilled native residents.