4 ms·
Rich Countries Are Becoming Addicted to Cheap Labor
- clipsy 3y agoBecoming?
- I_Am_Nous 3y agoThey're getting around to it
- quantified 3y agoRight. The USA immigration hypocrisy is not new. On the one hand, outrage over the arrivals and on the other hand an inability to pay natives to take the jobs at the wages. Other countries won't necessarily have the same history of overall immigration and demographic mixing, but the forces and incentives are roughly the same, so there may be a bit of a visible shift there. It'll be places like South Korea and Japan where they need immigrants to do anything regardless of wage, because they won't have the native-born labor. As these are not traditional immigration destinations, this'll be interesting.
- ttyprintk 3y agoCounterpoint: the proportion of USA who are foreign-born went from a high in 1900s to a low in 1970s.
- RicoElectrico 3y agoThere are no labor shortages, just decent wage shortages. People found out systems rewarding rent-seeking and biased towards deepening inequality are unsustainable in long term, more news at 11.
- foundart 3y agohttps://archive.is/JolRS https://archive.is/JolRS
- foundart 3y agoA main point of the article is that the availability of cheap labor may be delaying investment in better technology and thus extending the lifespans of otherwise non-competitive firms.
- thunkshift1 3y agoBlade runner 2049 screen writers got this right way before wsj pundits