Doesn’t that just mean we need high tariffs on foreign Internet services? The US invented the Internet at a time when the foreign-born share population of the US was at a century-long low. The US can clearly provide its own software services with domestic workers.
Indeed, it’s not clear to me how these foreign workers are benefitting local economies. Profits from tech companies seem to be accruing to the elites. If you take a middle class California family from 1980, are they and their kids better off due to the immigration-fueled rise of Silicon Valley? Or did all the profits go to the elites and tech salaries just force the kids to move away from their family to Tennessee or Texas?
Indeed, it’s not clear to me how these foreign workers are benefitting local economies. Profits from tech companies seem to be accruing to the elites. If you take a middle class California family from 1980, are they and their kids better off due to the immigration-fueled rise of Silicon Valley? Or did all the profits go to the elites and tech salaries just force the kids to move away from their family to Tennessee or Texas?