Re:Why is U.S. labor supply so low?
by aylmao on Wednesday January 05, 2022 @04:09AM
(#29806807)
As an immigrant myself it seemed wild that I could work in the USA, and send money back to my country. It felt like a capital drain problem the USA blindsided on.
Then I realized the economic gain from labour made the whole deal very worth it for the USA. The whole idea of a workforce is that it produces more value than it costs. Although I could take the money, that generated value was staying in the USA [1]. Especially for high-skilled industries where the bottleneck to growth might be hiring, this was very much worth it for them.
[1]: This plus, of course, the chunk of capital the USA keeps as taxes.
Then I realized the economic gain from labour made the whole deal very worth it for the USA. The whole idea of a workforce is that it produces more value than it costs. Although I could take the money, that generated value was staying in the USA [1]. Especially for high-skilled industries where the bottleneck to growth might be hiring, this was very much worth it for them.
[1]: This plus, of course, the chunk of capital the USA keeps as taxes.