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I don't see how this would be "cheating the system". There are skilled workers out there that can't receive the income they deserve simply because of their loc
by timmclean 14y ago
I don't see how this would be "cheating the system". There are skilled workers out there that can't receive the income they deserve simply because of their location. Locking out foreign workers is basically geographical discrimination -- and discrimination is economically inefficient. We'd all be better off if everyone could just receive a fair market salary: no more, no less.
- yourapostasy 14y agoWhat you propose is feasible when labor flows as freely as capital across borders. It takes less paperwork and time to set up a bank account in a foreign bank and deposit funds into it than it does to start working in the same domicile as the foreign bank (unless one is talking about special cases like intra-EU or intra-NAFTA, and even intra-NAFTA is no picnic). If you have $0.5-1M or more to set up shop, it takes less paperwork and time to start a new business in a foreign domicile than it does to move your labor to the same domicile without the same level of capital (and in many locales, that level of capital garners you a PR card at the same time). At the moment there is asymmetric discrimination against labor mobility, and these calls for increased immigration-with-strings quotas from capital represent an even greater imbalance, hence where I suspect the "cheating the system" sentiment comes from. Cut all the strings, and your fair market value would tend to emerge.
- zizee 14y agoMy point of view is this: Companies are certainly willing to take advantage when there is an oversupply of labour and decrease wages. When there is an undersupply of labour it is hypocritical for companies to complain that there is an not enough workers without first increasing salaries to entice workers into that area.