Right, and that’s completely brain-dead. We should be wanting to attract more talent, because more people able to take high-end jobs usually ends up creating more high-end jobs. We want more immigrant engineers, doctors, etc, because that encourages greater investment since the labor pool is deeper.
But no, we’ll instead block cheap imports and encourage more blue-collar work, and if we take that too far, we’ll end up in a similar situation as we did back in the Great Depression when demand just evaporates.
We should let developing countries develop and focus on what developed countries are better at: innovation. Attract top talent and keep investment dollars flowing so the R&D jobs stay.
Right, and that’s completely brain-dead. We should be wanting to attract more talent, because more people able to take high-end jobs usually ends up creating more high-end jobs. We want more immigrant engineers, doctors, etc, because that encourages greater investment since the labor pool is deeper.
But no, we’ll instead block cheap imports and encourage more blue-collar work, and if we take that too far, we’ll end up in a similar situation as we did back in the Great Depression when demand just evaporates.
We should let developing countries develop and focus on what developed countries are better at: innovation. Attract top talent and keep investment dollars flowing so the R&D jobs stay.