Hacker News new | ask | show | jobs
by intended 67 days ago
I think they are making a meta argument?

That H1B labour allowed other firms to build tech, which kept those firms competitive, creating a deeper economy and experienced bench.

That depth then enabled more advanced tech firms to be born.

At least thats what I think they are saying.

The analogy would be that China took over low tech manufacturing, and then because of that were able to develop expertise to move up the value chain.

At the same time, supply demand curves are real. If you have more workers, it should result in competition that drives down wages. (ALL THINGS BEING EQUAL)

There was a distinction being made between Tech and IT, which I am not too sure about.
1 comments
munksbeer 67 days ago
> If you have more workers, it should result in competition that drives down wages. (ALL THINGS BEING EQUAL)

Sort of a meaningless statement when all things are definitely not equal.

If there are 5 million people in a country, or 200 million, the theory of too many workers means the 5 million people country should be paying everyone vastly more.

But that is trivially untrue.

Economies grow and shrink and adapt around the number people.

link
intended 67 days ago
> ALL THINGS BEING EQUAL

> Sort of a meaningless statement when all things are definitely not equal.

Hey, don’t look to me for a defense of the weaknesses of economic models.

At the same time you can’t really discuss complex systems like economies where one part affects another, without holding some of the factors in stasis.

Centris paribus does extreme amounts of heavy lifting.

link