[hnaccy]

>Wage trends over the past half-century suggest that a 10 percent increase in the number of workers with a particular set of skills probably lowers the wage of that group by at least 3 percent. Even after the economy has fully adjusted, those skill groups that received the most immigrants will still offer lower pay relative to those that received fewer immigrants.

>Immigration redistributes wealth from those who compete with immigrants to those who use immigrants—from the employee to the employer. And the additional profits are so large that the economic pie accruing to all natives actually grows... But behind that calculation is a much larger shift from one group of Americans to another: The total wealth redistribution from the native losers to the native winners is enormous, roughly a half-trillion dollars a year. Immigrants, too, gain substantially; their total earnings far exceed what their income would have been had they not migrated.

https://www.politico.com/magazine/story/2016/09/trump-clinto...

Unless you're an immigrant or high up in tech business why would you cheer more high-skill immigrants? It will depress your wages and the economic gains will not accrue to you.

[arcticbull]

I don’t believe jobs are finite. I believe skilled immigrants improve competitiveness and create jobs across broad swaths of the economy, some even start very successful businesses. Many Fortune 500 founders were immigrants, and locking them out may have cost the country many hundreds of thousands of jobs.

[conanbatt]

Because there is a moral compass in the human being that takes into account non-economic benefits as well.

Why would you cheer against slavery if you could buy some up?

[ben_w]

Either the work is done in your country, where you:

* control minimum wage laws etc.,

* collect the taxes,

* benefit from most of the money being spent locally,

or it’s done abroad, where a foreign government collects all the benefits.

Import duties don’t do much to fix that. And if you have most or all of the workforce, then you get to lobby against other nations’ import duties.

[arcseco]

You don't really get to control min-wage laws, working standards or environmental regulations over the long term in a tariff free world. US trade deficits are growing and will inevitably have to be normalized. When that happens the US will have to become a lot more competitive with nations that don't have these standards in place. Stagnated wages are just the beginning and are borrowing time before labour standards and environmental standards are forced to equalize with the East.

[tomatotomato37]

This is why we need to start including a tariff with labor or environmental regulations. The point of those regulations is that we as a nation are accepting a decrease in economic efficiency for a (hopeful) net gain in general quality of life; if companies are allowed to just offshore their shit to some place that doesn't care without compensating in some other way than you're stuck the economic disadvantage without the accompanying benefit.