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 Originally Posted by BananaStand
If I read it right, you're saying that immigration is great because flooding the cheapest and least skilled labor market sort of drives everybody else up ladder, and also drives prices down. I feel like I've heard this argument before, but it usually starts with "My great-grandfather came to Ellis Island in 1924....and that worked out great"
When the US economy forced people to either get their act together or die, then by natural selection, the only people who survived had their act together.
Then welfare and redistribution became a thing, so people aren't forced to get their act together. I believe you also hinted at this in your analysis wuf. So I believe our conclusion here is that immigration is obsolete.
Migration of labor (and capital) certainly isn't obsolete, though citizenship for non-natives may be something else.
And yeah, welfare is very bad combined with immigration.
If I read it right, you're saying that immigration is great because flooding the cheapest and least skilled labor market sort of drives everybody else up ladder, and also drives prices down.
By creating more stuff of what people want with less input. That's how any economic improvement happens.
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