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A comment on US committee votes $30,000 increase in minimum salary of H1B visa workers. Parent comment
In any case(!), the economic principle at work here is the law of comparative advantage.
https://www.investopedia.com/terms/c/comparativeadvantage.as...
To claim that protectionism improves prosperity is to claim that the law of comparative advantage is incorrect.
Of all the purported liberal ideas the U.S. thinks it embraces, restriction of immigration is one of the most baffling.
In any case(!), the economic principle at work here is the law of comparative advantage.
https://www.investopedia.com/terms/c/comparativeadvantage.as...
To claim that protectionism improves prosperity is to claim that the law of comparative advantage is incorrect.