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by wrong_variable 3798 days ago
Global GDP would double if labour was allowed the same freedom of movement as capital.

But the human condition is such that I do not think it's not going to happen anytime soon :(

1 comments

>Global GDP would double if labour was allowed the same freedom of movement as capital.

Really? And would global average wages double, or would the profit margins on ever-cheaper labor do all the growing?

Assuming inequality is constant - then yes. Your purchasing power would double, you could afford twice as much food, apple would produce twice as many ipads, etc.
>Assuming inequality is constant - then yes.

Variables rarely remain constant in the real world in the way that they do in ceteris paribus thought-experiments.