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When a person relocates to a country where their labor is more productive, a large amount of new economic value is created. Much of that value is captured by th
by andrewmutz 4mo ago
When a person relocates to a country where their labor is more productive, a large amount of new economic value is created. Much of that value is captured by the migrant through higher earnings, but a lot also accrues to the people in the community they join.
So an engineer joining a country that already has engineers still creates a ton of value in the destination country
- Avicebron 4mo agoAnd if they displace someone trying to join the engineering workforce say right out of school? What about housing?
- deleted 4mo ago[deleted]
- tadfisher 4mo agoLook up the "lump of labour fallacy". The jobs market is not a zero-sum thing.
- Avicebron 4mo agoThe timescale that the "lump of labour fallacy" operates on, as in the aggregate effects on employement, doesn't necessarily work for most people (individually). Therefore it isn't really a good metric at the scale required to alleviate the problems people are facing. "Eventually it will work out." Isn't proffering a solution.
- tadfisher 4mo agoThe aggregate effects on employment caused by immigration work on an identical timescale. If your point is, "people are terrible at blaming individual outcomes on aggregate statistical phenomena", then I agree with you.
- andrewmutz 4mo agoThere is no fixed demand for jobs, nor fixed supply of housing. Immigrant consumption creates a lot of jobs and immigrant labor creates a lot of housing