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by hiram112
2209 days ago
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> I disagree. The growing wage inequality between the rich and poor has many other factors. I didn't mean just one specific visa, e.g. H1B or any other. I mean that globalization has allowed large companies to play all sorts of games like moving their manufacturing and service centers to the lowest wages countries, their headquarters to tax shelters like Ireland or the Caymans, and lobbied laws to ensure a never-ending supply of foreign workers and recently immigrated citizens to push wages for the jobs that can't be moved. Meanwhile, employees can't just move to some country to take advantage of lower COL, or declare their 'official' residence in a tax shelter. We can't even import drugs from Canada or pay the same price for digital goods like Steam games offered to low wage nations. > I agree with you on moral grounds but that is not how capitalism works. There is no strict rule that says capitalist economies can't enforce equal playing fields for capital and labor. If the US or any other high wage country weren't beholden to the wealthy, they could easily pass laws that forced companies to pay tariffs for any goods and services developed in countries without similar labor laws, environmental protections, and even tax rates. |
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