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by technofiend
3423 days ago
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There is no reason if one is OK with a nearly unlimited supply of cheap labor pricing out local competition and/or depressing wages. If a hypothetical person thinks "free markets über allies" of course they're fine with unlimited visas depressing wages and increasing competition. (I don't know if that's your view, this is just a hypothetical.) On the other hand old farts like me already have an advantage over the average HN or Reddit reader in that our education cost far less than theirs. So the the question becomes is it fair to bring in foreign talent who (for example) may have been educated at little or no cost to compete with Americans buried under a mound of student debt? |
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Saying that bringing employees drops wages salaries is similar to saying the US shouldnt export things because it increases the price of local goods. Its simply not good from an economic perspective, its not really up for debate. I've never heard an economist saying immigration is bad economically for a country at any level except living on welfare.