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by cherryteastain
656 days ago
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> deprive opportunities Jury is out on this one. Japan has hardly any immigration yet their wages stagnated. Canada has a ton of immigration and their wages are also stagnant. Europe is somewhere between Japan and Canada, with also stagnant wages. Nobody disputes wages are stagnant, but the degree to which skilled immigration suppresses wages is an area where economists are unsure or even tilting towards a 'no' answer. > if they're so good for the economy in America why aren't they good for the economy in their own country There are so many jobs that are available only in industrialized countries. You won't find semiconductor fabs or airplane factories in undeveloped countries. |
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I don't really think wages are a proxy for opportunity as central banks can make currency worthless. There's computer science graduates in America who would take a job in their field for pittances just to be working in their field.
> There are so many jobs that are available only in industrialized countries
Well start! Half the startups in the 90s Americans built out of their garage.