Is that really not how capitalism works? First of all, Schengen/Eurozone is *precisely* a zero-sum economy, and has been since 2008: profits flow from the periphery to Germany (+ Netherlands, Switzerland) while the zone as a whole does not expand.
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Replying to @bookofriot @nikhil_palsingh
Isn't it the case that, in a non-expanding economy, an increase in labor pool exerts a downward pressure on wages at the bottom of the wage scale? Is this not one of the things that classical, neo-classical, marginalist, Keynesian, ands Marxist economics agree upon?
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Replying to @bookofriot @nikhil_palsingh
Would we not have to do away with the entire Marxist idea of "reserve pool of labor," "industrial reserve army," and so on, if we did not believe that is how capitalism worked? And would we not *also* have to do away with much of Du Bois, with "The White Blindspot," and so on?
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Replying to @bookofriot @nikhil_palsingh
In short, I don't think we can shore up the no borders position by suddenly declaring that labor flows are unrelated to wages (*especially* in a non-expansionary economy) unless we wish to develop an entire new theory of capitalism, which I have not yet heard.
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Replying to @bookofriot @nikhil_palsingh
Rather, we have to confront a political situation where, uh, there actually is intraclass competition, intensified by economic non-expansion (which btw we already do, when we e.g. explain hyperincarceration in relation to crisis, cf. Golden Gulag and so on).
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Replying to @bookofriot @nikhil_palsingh
the empirical research on immigration exerting downward pressure on wages is surprisingly (to me) inconclusive and spotty. http://www.theamericanconservative.com/articles/harvards-george-j-borjas/ … Do you know of any other sound work on this question?
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Replying to @ChaseMadar @nikhil_palsingh
I would ask you: if increasing the labor pool does not exert a downward pressure on wages, what is your theory of wages? You would need to devise an entire new one, or show that immigration doesn't increase labor pools, or get a better study.
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Replying to @bookofriot @nikhil_palsingh
Yeah, I don't disagree. But I'm wondering: where are these better studies? The downward pressure logic seems axiomatic to me; one would think it would be v easy to measure the impact. And yet…
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Gareth Dale in Leaving the Fortresses: "Study after study has shown that immigration generally has a minimal or positive effect on wages" :) +
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well,
#notallstudies — here is some pretty measured and comprehensive work (ignore the political conclusions) h/t@alienvsrobbinshttps://www.politico.com/magazine/story/2016/09/trump-clinton-immigration-economy-unemployment-jobs-214216 …2 replies 0 retweets 3 likes
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Replying to @ChaseMadar @bookofriot and
yeah i’m an inveterate tweet deleter
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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