If we had an enormous oversupply of land, it would not be so expensive. Add as much labor as you want, and manufactured
And, again, it takes time for capital to built up to catch up with the massive increases in labor supplyhttps://twitter.com/1337kestrel/status/881309419182727168 …
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If I'm making $60k per year as, say, a McDonald's manager and an immigrant comes in and will do it for $50k, I'm definitely worse off. Sure,
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maybe in the long run I get cheaper burgers, but most of the gains will go to the McDonald's owners. If a robot eliminates
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my job, I'm still out of a job and the owners still get most of the benefits,but at least the robot isn't increasing the demand for burgers,
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housing, land, and every other good and service that I want. There's an actual net efficiency gain with a robot,
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whereas there's no net labor reduction with an immigrant. You're just shifting work from one person to another.
End of conversation
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