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Fun fact: If you read Ricardo you will find the modern form of "Comparative Advantage" isn't really there. Taiwan doesn't have a "natural climate for chipmakin
by Ericson2314 2y ago
Fun fact: If you read Ricardo you will find the modern form of "Comparative Advantage" isn't really there.
Taiwan doesn't have a "natural climate for chipmaking". In a modern industrial economy, endowments are not natural/fixed by the result of previous rounds of investment.
> what high tech sectors will the US necessarily be investing in less now that we are putting those valuable resources into chip-making?
There is no evidence it is actually zero-sum
> especially with current immigration restrictions on high tech workers.
Yes, more immigration would be greatly appreciated. Probably won't happen until we unfuck housing, however.