eric weinstein comes out as protectionist for his own industry wow bravehttps://twitter.com/EricRWeinstein/status/1088659841407569920 …
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It’s not about getting the best talent, though, that’s a sideshow. You drive the home talent other fields. This is bad for overall scientific production. https://www.ineteconomics.org/perspectives/blog/how-why-government-universities-industry-create-domestic-labor-shortages-of-scientists-high-tech-workers …
It might be better for humanity, for example that the best innate mathematical mind in the country is incentivized to do research in a university math department, rather than go work for a big tech company. Thats cetainly up for debate, but there are hidden inefficiencies here.
It's not the competition that concerns me. The policy seems *motivated* by its labor market effects, and some number of foreign-born PhDs will go back, meaning we spend resources to give their countries a boost. Better: just open the borders and let the chips fall where they may.
im an economist i dont care about motives!
this is ruthless capitalism, robot........ pls
globalism starts at home
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