How Great We Are

Wojtek Sokolowski sokol at jhu.edu
Tue Jun 4 08:52:24 PDT 2002


At 01:09 AM 6/5/2002 -0700, Bill Bartlett wrote:


>As for the impact of immigrants on wages, they can effectively compete for
>most jobs all over the world even without emigrating. If the potential
>immigrants can't come to the capital, the capital can emigrate to where
>the surplus wage-workers are. Perhaps that is the best solution anyhow,
>but it is short-sighted to believe this doesn't have exactly the same
>effect on market prices for labour as the other way around.

That does not apply to service economy that comprises a lion share of employment in most developed countries.

wojtek



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