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Comment by ben_w

Comparative advantage.

Consider this vague hypothetical, because I'm not American and don't care about the specifics:

Country A, average wage X; country B, minimum wage for legal residents 2X. People from A can on average get a pay rise by working in B while undercutting legal residents of B. Citizens of B then get the stuff cheaper than they otherwise would have, but also might not be as easy to employ.

Are current employment stats accurate? As in do they tell the right picture or is this a case of "lies, damn lies, and statistics"? Lots of people say it's the later, and unfortunately I'm not qualified to explore anyone's arguments.

parent ben_w 1 year ago

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