I am sure the entire faculty at Wharton would willingly surrender their positions to immigrants b/c it would benefit the economy? It would be a "net benefit" right? We could pay immigrant lecturers 1/10 what Wharton faculty are paid. Think of the cost savings!
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Does Prof. Borjas really say that?
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Yes, but he concludes that (and these results might shock you) the only ones that see profit are the extremely wealthy, while the native working class takes a significant hit from it. So there is a "net benefit," eventually, if all you care about is maximizing raw GDP.
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How much ink has been spilled over the years trying to disprove the law of supply & demand in the labor market? Always amounts to "more workers = higher wages b/c arglebargle muh degree big numbers flibbitygibbet."
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It's a "net benefit" in terms og GDP, but that increase is not distributed equally throughout society. What good is a net benefit if wealth is being sucked out of the pockets of the workers into the hands of ever more wealthy elite?
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Same bunk that Nowratesh flaks.
@AnnCoulter's breakdown of polling & studies in "Adios" showed how this sausage gets made. Climate science is less politicized than immigration impact "studies." Cherry-picking, context-stripping, all the mystic arts of stat-fu and tongue-fu.Thanks. Twitter will use this to make your timeline better. UndoUndo
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It depends. Flooding the country with low-skilled immigrants doesn’t seem terribly beneficial.
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To be fair, though, sometimes immigrants do create jobs by creating their own businesses.
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Using immigration as a scapegoat for the maldistribution of wealth is foolish. Instead of cutting taxes on corporations let's raise them. Let's raise the minimum wage. Let's organize workers including immigrants. Let's not cut off people more likely to support progressives.
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