How to Make America Greater: More ImmigrationAnd that would be great for American workers because …FEBRUARY 7, 2017
ECONOMIC SCENE
President Trump will make America smaller….
If workers could move seamlessly across borders, wages of similar workers would tend to converge.
The wage gap is a measure of the barriers that remain: An hour of work by a Pakistani in New York costs 6.5 times what an hour of the same Pakistani’s time costs in Karachi.
When it gets down to it — talking trade balances here — once we’ve brain-drained all our technology into other countries, once things have evened out, they’re making cars in Bolivia and microwave ovens in Tadzhikistan and selling them here — once our edge in natural resources has been made irrelevant by giant Hong Kong ships and dirigibles that can ship North Dakota all the way to New Zealand for a nickel — once the Invisible Hand has taken away all those historical inequities and smeared them out into a broad global layer of what a Pakistani brickmaker would consider to be prosperity — y’know what? There’s only four things we do better than anyone else:Not surprisingly, many libertarians assume Snow Crash is a utopian novel.
- music
- movies
- microcode (software)
- high-speed pizza delivery