3 ms·
There are tradeoffs for everything. Companies are more profitable when they cut labor costs through hiring people from countries that will work for less. Why sh
by beebmam 4y ago
There are tradeoffs for everything. Companies are more profitable when they cut labor costs through hiring people from countries that will work for less. Why should the owners of these companies (including everyone who owns stock in EA) pay above market value for this labor?
There are consequences to this, of course. One big consequence that I can think of is that it evens out the inequalities among laborers across national labor markets. This has very serious consequences for lower skilled Americans/westerners who have relied on the wealth of their countries to trickle down to them.
There are many ways to address this, like reducing labor market competition in the American labor market from less wealthy countries, increasing wealth redistribution, investing in the education/training of lesser skilled workers in the American labor market, and so on. Both left and right parties have solutions to this problem, and I personally don't really care about the chosen solution, but I hope our political parties stop forgetting about poor Americans who have been left behind for a long, long time.
I hope we can all have a healthier discussion about this problem, too. We need less polarizing figures in politics and we should start treating each other in America respectfully, whether you're liberal, conservative, transgender, evangelical, poor, rich, whatever.