Re:How Immigration Uncertainty Threatens America’s Tech Domi...
by Chris2048 on Friday February 03, 2017 @09:19AM
(#13559919)
I think the problem here (with this conversation) is what I call "All roads lead to GMF[1]".
You can't explain things based on an entire economy without taking into account the entire economy, and all it's parts and interactions; much like, say, blood-sugar levels in the body involve multiple organs.
If you focus on one area of the economy, you must avoid those 'non-local' attributes, unless you are willing to do this. If you analyse the attributes of any local economic part enough, you will eventually hit upon a non-local attribute; Hence, any analysis eventually hits this roadblock.
Back to context, the specific effect of H1B visas, on national salary is complicated, because salary not only is non-local, but involves the silent interactions of supply vs demand across and outside the nation. You'll hit all sorts of GM-like fallacies if your analysis is too shallow.
This is why it is necessary to take it, almost as 'faith', in the mechanics of the market; A true analysis of market principles is a complex process indeed, most people can only take them on faith at some level. Even mathematicians accept some (personally) unchecked axioms.
You can't explain things based on an entire economy without taking into account the entire economy, and all it's parts and interactions; much like, say, blood-sugar levels in the body involve multiple organs.
If you focus on one area of the economy, you must avoid those 'non-local' attributes, unless you are willing to do this. If you analyse the attributes of any local economic part enough, you will eventually hit upon a non-local attribute; Hence, any analysis eventually hits this roadblock.
Back to context, the specific effect of H1B visas, on national salary is complicated, because salary not only is non-local, but involves the silent interactions of supply vs demand across and outside the nation. You'll hit all sorts of GM-like fallacies if your analysis is too shallow.
This is why it is necessary to take it, almost as 'faith', in the mechanics of the market; A true analysis of market principles is a complex process indeed, most people can only take them on faith at some level. Even mathematicians accept some (personally) unchecked axioms.
[1] https://en.wikipedia.org/wiki/Parable_of_the_broken_window