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A comment on Apple discriminated against US citizens in hiring, DOJ says. Parent comment

Re:Apple discriminated against US citizens in hiring, DOJ says by astrange on Saturday November 11, 2023 @04:52AM (#38228870)
This is what economists call a "partial equilibrium" analysis. This is a polite(?) academic way of saying it's wrong.

Hiring workers does not displace other workers because they come with increased demand for labor of their own. It does increase specialization on the team because you need to find comparative advantage, but that's nearly as much of an issue.

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Re:Apple discriminated against US citizens in hiring, DOJ says by User23 on Saturday November 11, 2023 @06:20PM (#38235608)
Ah, Ricardo. Did you know he was a stockbroker who made his fortune scamming clients and bought himself a peerage with the loot? Not relevant but a fun biographical detail.

Anyhow his theory rests on assumptions that are nonsensical in today’s economy.[1]

Instead we have “labor arbitrage” which is to say workers being displaced.

[1] https://lawecommons.luc.edu/cgi/viewcontent.cgi?article=1674...

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