Logistics, bureaucratic inertia, and of course, racism. Also, I'm guessing that you better be prepared for a historically HUGE influx of Chinese money and people. Immigration is not all benefits all the time, but I believe there would be long-term gain for some short-term pain.
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I have no problem with rich Chinese people coming to the US! Bet China might tho :D Probably logistics would be dramatically lower than present, as would required bureaucracy, eeeep
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On logistics, I think you're right, after transition is complete, you settle down. But people hate change because it upsets routine. But don't consulates do a lot of handholding for immigration applicants? How easily could you standardize the process to apply to every country?
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I imagine it would be cleaner when the only criterion for entry is one's bid!
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We can't know the potential future value of those who want to immigrate, and especially can't know the value of their descendants.
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Trying to price immigration slots in this way is like shareholder capitalism focused on quarterly earnings. It's tunnel visioned on the present.
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Noah is a bad pundit though. The reason for open immigration is a n ethical one, not an economic one.
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Noah is definitely a bad pundit no one can really KNOW the future value of immigrants but they probably have a better idea than we do and in any case they're going to pay up front while they credibly reveal their beliefs
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open immigration is a special case of this auction where q is set such that p = 0
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Think of a country as being like a company. What if you hired the people who payed the most up-front?
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my framework is most analogous to natural resource allocation mechanisms are you concerned that (say) people who expect to recoup their costs by extracting welfare are likely to outbid oligarchs, tech firms, w/e?
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Well, let's consider some specific examples. Some people were mad about Irish immigration. That turned out OK, but if there was more, maybe Tammany Hall would still be around today and cause lots of problems.
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Harvard used to have a cap on the number of jewish students, but pressure from media got them to drop that. Today, Harvard and Yale admit more jewish undergrads than non-jewish white undergrads.
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solution, seems to me, is more asians :D
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A lot of the chinese immigrants I've met are going into either medicine or becoming real estate agents. The number of doctors is limited by med school slots, and there are already enough good applicants. Our institutions cannot manage this kind of incentivized bottleneck.
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There are already too many real estate agents in the area, each doing far fewer sales than they could handle, but each is highly profitable. Rates can't be lowered because then incentives are bad, plus they're sort of standardized between real estate agents.
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I know many people who have had Chinese professors, and they're almost universally considered bad teachers.
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the woodchipper calls us all eventually
Thanks. Twitter will use this to make your timeline better. UndoUndo
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You should remain without strong opinion on this. IMO.
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mostly do :D definitely have few to no beliefs about optimal quantity weakly-held strong belief our allocative mechanism sucks
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