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...