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1233 points mriguy | 3 comments | | HN request time: 0.474s | source
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roughly ◴[] No.45306289[source]
I think there’s plenty of interesting debates to be had about immigration policy and its effects on the labor market, but one thing worth noting here is that the primary problem that damn near every other country on earth has isn’t immigration, it’s brain drain.

A core strategic strength of the US over the last century has been that everyone with any talent wants to come here to work, and by and large we’ve let them do so. You can argue how well that’s worked out for us - having worked with a great many extremely talented H1bs in an industry largely built by immigrants, I’d consider it pretty positive - but it damn sure hasn’t worked out well for the countries those talented folks came from.

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jpadkins ◴[] No.45306392[source]
The top end of H1B has been great for America. In the last few decades, there has been growth of abuse of the program to get mid level talent at below market rates which really hurts the middle class in America. People need to understand that most reformists don't want to get rid of the truly exceptional immigration to the US. We need to limit the volume, especially the immigrants that are directly competing with a hollowed out middle class in the US. Let me know if you want further reading on this topic.
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roughly ◴[] No.45306892[source]
The hollowing out of the middle class in the US isn't because of immigrants, it's because of a sustained campaign by capital to reduce the power of labor over the last 50-odd years and to concentrate wealth as best they can. Immigrant labor contributes to that because we've got inadequate labor protections and because we bought into the idea that lower consumer prices was a fine reason to ignore both labor and antitrust.
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1. closeparen ◴[] No.45308657[source]
Zuckerberg's compound didn't make the Bay Area housing crisis and Barron Trump isn't why NYU is expensive or hard to get into. Giving everyone involved $1 million from Larry Ellison's pocket wouldn't particularly change either.

That's not to say you shouldn't do it! But the problem is elsewhere.

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2. mlrtime ◴[] No.45310195[source]
But it makes people feel good giving away other peoples money. And that feel good wins votes.
3. hshdhdhj4444 ◴[] No.45312754[source]
But Zuckerberg hoarding 100s of billions of dollars of wealth far less productively than say a family in poverty on food stamps would slows the velocity of money and also keeps that money out of the broader economy.