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Hypothetically speaking, let's say we allowed every STEM-studying individual to enter the U.S. from abroad. According to the article, this would result in added
by carlyle4545 13y ago
Hypothetically speaking, let's say we allowed every STEM-studying individual to enter the U.S. from abroad. According to the article, this would result in added competition to the existing STEM workforce whereby depressing wages and reducing job opportunities for U.S.-born PhD's.
Explain to me how increased competition, (of any kind) has ever been a bad thing. Generally it leads to lower prices, lower barrier to entry for new entrants, and higher quality. I'm not exactly opposed to having higher quality scientific discoveries here in the U.S. with the information gleaned from such efforts more readily available to the rest of us. How exactly is that a bad thing?
Furthermore, if we can somehow drain our biggest competitors' of their best and brightest, isn't that a good thing? In doing so, wouldn't that create an incentive for their governments to enact legislation to reduce the flow of STEM workers out of their respective countries, whereby creating a global economy committed to medical and technological advancement for mankind?
I'm sure this is an over-simplified and maybe slightly pedestrian way of looking at things, but it just seems like common sense.
- jboynyc 13y agoDepressing wages is a good thing -- or seemingly a good thing -- if you're somebody like Mark Zuckerberg who doesn't depend on wages for income. For everybody else it means hardship on an individual level, and rising social unrest on a social level. Also, lower wage levels lead to reduced domestic demand for goods, which in turn can lead to a crisis of overproduction, which can even affect wealthy capitalists in their gated communities, not just workers.