3. Wealth is strongly affected by fertility rates. Groups who divide their wealth among more children will tend to have less per person. Whites have had lower fertility than blacks and hispanics for a long time.
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If we're asking, "Is this wealth gap caused by discrimination?", the answer is no.
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You could say, "even so, we should redistribute to make things more even". I would point out that this penalizes savers and low fertility groups. I would also say that those $116k median whites you apparently want to take from aren't exactly rich.
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If you respond, "oh, I just mean we should take some from the billionaires and give it to everyone," then I might agree with you. Keep in mind that communism has a very bad record.
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Since the threading might make #4 hard to find, here it is again: 4. Immigration will tend to increase the wealth gap because: A. Immigrants don't bring much wealth with them B. Immigrants are mostly nonwhite (cont)
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C. Immigration increases labor competition, lowering wages, making it harder to gain wealth D. Increases existing asset prices
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Replying to @HbdNrx
High-skilled immigration given a suitable compensation floor and non-replacement provisions can improve GDP per capita and generate wealth.
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US already has masses of underutilized labor capable of taking up those high-skill professions. More immigration unnecessary.
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Our unemployment rate among engineers is under 2%.
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I'd rather see more incentives for training them here—though that'd probably require reworking how universities operate.
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I've observed that plenty of qualified people simply get passed over. If there were actually a shortage, we'd see available entry-level positions, yet there practically are none.
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I've heard many anecdotes along these lines for years. Much attrition where senior level engineers are dropped for cheaper recent grads, etc
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