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by yummyfajitas
6078 days ago
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Don't forget about remittance. Lots of immigrants send a chunk of their income back home. Think of the ads, Can I send money to {[India, Mexico, ...]|random} and get free cell phone minutes? Incidentally, the point is not that immigration prevented unemployment from rising to 66%, but simply that the number of jobs tends to be proportional to the size of the population. New people == new jobs. |
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Remittance doesn't help the US dollar. It hurts the US dollar. As foreign exchange banks need to make a profit, for every USD -> Rupee exchange, they are giving you less rupees for your dollar. Its just like buying gold. If a bunch of people start buying gold, the price will skyrocket against the currency you are buying it with.
" but simply that the number of jobs tends to be proportional to the size of the population. New people == new jobs."
Sorry but I don't believe that. More people does not necessarily equate more jobs. If you have a city that has food and water for 500 people, you are bound by that restriction. Adding another 500 people to it would not increase any jobs.