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> it seems to me there is significant brain drain from many countries to the U.S. and that contributes to our success This enables wage suppression
by selfmodruntime 2y ago
> it seems to me there is significant brain drain from many countries to the U.S. and that contributes to our success
This enables wage suppression
- konschubert 2y agoHigh skilled immigrants also create demand, which creates labour demand. So it’s not clear that they suppress wages.
- selfmodruntime 2y agoHow exactly is it that highly skilled tech immigrants create demand?
- konschubert 2y agoThey get a salary. And they spend it. Thought experiment: If you removed half of the population of a country, would that make the rest of the country richer or poorer?