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Michael Moritz is a billionaire investor. It's easy to understand why he'd like to increase the supply of technical labor in the US. This lowers his cost of lab
by basiceconomics 14y ago
Michael Moritz is a billionaire investor. It's easy to understand why he'd like to increase the supply of technical labor in the US. This lowers his cost of labor, contributing to his further enrichment.
Foreigners desirous of US citizenship similarly favor "immigration reform" for self-interested reasons.
The marks here are American tech workers (and American workers in general) who buy into various elite rationalizations for why labor needs a pay cut so people like Moritz can pile up more billions.
- pc86 14y agoIt's generally considered poor form to create a novelty account just to comment on a posting here.