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by JamesBarney
4222 days ago
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I think it is obvious and we can all agree that this decision would help foreign students, and American tech corporations. We can probably also agree this decisions is similar to globalization in that it causes an increase in global utility. But given that policy is usually measured against what utility it provides for it's current citizens. One big open question in economics is will this lead to an increase in the utility of current Americans. I think this is the interesting question. Does the increase in talent from around the world spill over enough to offset the reduction in wages from the increase in labor supply? |
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