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They have a cost advantage. Kinda fine for where I'm standing; if we want to have more investment, we must liberalize migration! If we don't liberalize migratio
by JackYoustra 1y ago
They have a cost advantage. Kinda fine for where I'm standing; if we want to have more investment, we must liberalize migration! If we don't liberalize migration, necessarily the capital-labor ratio will be more capital-scarce in other countries.
- msgodel 1y agoI don't think it's easy to migrate to Taiwan (it's very unlikely that it's easier than migrating here, most East Asian countries make that difficult) so that doesn't seem to actually be a prerequisite. We already have a pretty serious unemployment problem among college graduates so something else seems to be going on (a problem with domestic universities?)
- hnfong 1y agoUnemployment is actually a symptom of inelasticity(?) of wages. Some people become unemployed instead of getting a minimum wage job. Until Americans can subsist on a 1k monthly salary, the cost advantage in Taiwan is real.
- lukan 1y ago"We already have a pretty serious unemployment problem among college graduates " Among stem graduates?