Free Migration Could Double the US Economy

[georgephillip]

Counterintuitive.

"In a world in which labor were free to across borders, you would expect a larger share of the global population residing and working in high productivity countries, thus dramatically increasing global income and production.

"Many academics have attempted to model how global income would respond in a world of free labor mobility.

"In summary of the literature, economist Michael Clemens found that the research indicates that ending government restrictions on the movement of labor would result in global income increasing on the order of 100%!

"That is, the total amount of goods and services produced on planet earth every year would double.

"In real terms, this would mean that global income per person would rise from $16,100 to somewhere between $26,887 and $39,767."
How Free Immigration Could Double the Economy | Corey Iacono

The problem with counterintuitive proposals, like David Ricardo's example of comparative advantage, is they require a citizen to believe in the integrity of their government.

Which is obviously a huge mistake to make today.

However, you might still ask the question: "would you move a few hundred miles for a 280% raise? How about a 2200%?"

 

[irosie91]

gee Georgie-----you finally produced an almost
worth reading post

 

[georgephillip]

gee Georgie-----you finally produced an almost
worth reading post

Do you have any thoughts on whether or not migration barriers diminish the productivity of human labor?

 

[irosie91]

gee Georgie-----you finally produced an almost
worth reading post

Do you have any thoughts on whether or not migration barriers diminish the productivity of human labor?

I do not understand ECONOMICS------too complex----too many variables-----I am inclined
to believe that absent migration barriers would result in massive BLOOD SHED---and epidemics

 

[georgephillip]

gee Georgie-----you finally produced an almost
worth reading post

Do you have any thoughts on whether or not migration barriers diminish the productivity of human labor?

I do not understand ECONOMICS------too complex----too many variables-----I am inclined
to believe that absent migration barriers would result in massive BLOOD SHED---and epidemics

Do you find Economics more complex than Medicine?

 

[Anathema]

.....However, you might still ask the question: "would you move a few hundred miles for a 280% raise? How about a 2200%?"

Honestly, the income level in a community is far less important to me than the morals and values of the area.

 

[Manonthestreet]

Counterintuitive.

"In a world in which labor were free to across borders, you would expect a larger share of the global population residing and working in high productivity countries, thus dramatically increasing global income and production.

"Many academics have attempted to model how global income would respond in a world of free labor mobility.

"In summary of the literature, economist Michael Clemens found that the research indicates that ending government restrictions on the movement of labor would result in global income increasing on the order of 100%!

"That is, the total amount of goods and services produced on planet earth every year would double.

"In real terms, this would mean that global income per person would rise from $16,100 to somewhere between $26,887 and $39,767."
How Free Immigration Could Double the Economy | Corey Iacono

The problem with counterintuitive proposals, like David Ricardo's example of comparative advantage, is they require a citizen to believe in the integrity of their government.

Which is obviously a huge mistake to make today.

However, you might still ask the question: "would you move a few hundred miles for a 280% raise? How about a 2200%?"

SO counter intuitive it might just be ...oh I dont know.........rube food......give up your countries for this mirage

 

[georgephillip]

Counterintuitive.

"In a world in which labor were free to across borders, you would expect a larger share of the global population residing and working in high productivity countries, thus dramatically increasing global income and production.

"Many academics have attempted to model how global income would respond in a world of free labor mobility.

"In summary of the literature, economist Michael Clemens found that the research indicates that ending government restrictions on the movement of labor would result in global income increasing on the order of 100%!

"That is, the total amount of goods and services produced on planet earth every year would double.

"In real terms, this would mean that global income per person would rise from $16,100 to somewhere between $26,887 and $39,767."
How Free Immigration Could Double the Economy | Corey Iacono

The problem with counterintuitive proposals, like David Ricardo's example of comparative advantage, is they require a citizen to believe in the integrity of their government.

Which is obviously a huge mistake to make today.

However, you might still ask the question: "would you move a few hundred miles for a 280% raise? How about a 2200%?"

SO counter intuitive it might just be ...oh I dont know.........rube food......give up your countries for this mirage

One of the academics mentioned in this article seems to have a pretty good pedigree:
"In summary of the literature, economist Michael Clemens found that the research indicates that ending government restrictions on the movement of labor would result in global income increasing on the order of 100%! That is, the total amount of goods and services produced on planet earth every year would double."
How Free Immigration Could Double the Economy | Corey Iacono

 

[georgephillip]

.....However, you might still ask the question: "would you move a few hundred miles for a 280% raise? How about a 2200%?"

Honestly, the income level in a community is far less important to me than the morals and values of the area.

It's difficult to quantify the impact of poverty on morals and values, but it's pretty clear economic growth is key to global poverty reduction.

If the estimates of open border benefits are even close to what's suggested in the OP, free migration across international borders is one of the best anti-poverty measures imaginable.

 

[Anathema]

It's difficult to quantify the impact of poverty on morals and values, but it's pretty clear economic growth is key to global poverty reduction.

If the estimates of open border benefits are even close to what's suggested in the OP, free migration across international borders is one of the best anti-poverty measures imaginable.

I could not care any less about GLOBAL anything, especially poverty. I'm an American. Let the rest of the world fend for itself.

I'd willingly make half of what I do now to live in a properly Moral city, state or nation.

 

[georgephillip]

It's difficult to quantify the impact of poverty on morals and values, but it's pretty clear economic growth is key to global poverty reduction.

If the estimates of open border benefits are even close to what's suggested in the OP, free migration across international borders is one of the best anti-poverty measures imaginable.

I could not care any less about GLOBAL anything, especially poverty. I'm an American. Let the rest of the world fend for itself.

I'd willingly make half of what I do now to live in a properly Moral city, state or nation.

Do you see a connection between proper morality and the restriction and control of migrants into the US?
How Free Immigration Could Double the Economy | Corey Iacono
"Publics around the world want tighter restrictions on immigration to their countries.

"Majorities in 22 of 25 nations completely or mostly agree with the statement: 'We should restrict and control entry of people into our country more than we do now.'”

 

[jwoodie]

Counterintuitive.

"In a world in which labor were free to across borders, you would expect a larger share of the global population residing and working in high productivity countries, thus dramatically increasing global income and production.

"Many academics have attempted to model how global income would respond in a world of free labor mobility.

"In summary of the literature, economist Michael Clemens found that the research indicates that ending government restrictions on the movement of labor would result in global income increasing on the order of 100%!

"That is, the total amount of goods and services produced on planet earth every year would double.

"In real terms, this would mean that global income per person would rise from $16,100 to somewhere between $26,887 and $39,767."
How Free Immigration Could Double the Economy | Corey Iacono

The problem with counterintuitive proposals, like David Ricardo's example of comparative advantage, is they require a citizen to believe in the integrity of their government.

Which is obviously a huge mistake to make today.

However, you might still ask the question: "would you move a few hundred miles for a 280% raise? How about a 2200%?"

You forgot (?) to mention the costs of social programs. 80% of the world's population would be financially better off living on welfare in the U.S. than where they are now. Isn't that what you would get with truly open borders?

 

[Anathema]

Do you see a connection between proper morality and the restriction and control of migrants into the US?
How Free Immigration Could Double the Economy | Corey Iacono
"Publics around the world want tighter restrictions on immigration to their countries.

"Majorities in 22 of 25 nations completely or mostly agree with the statement: 'We should restrict and control entry of people into our country more than we do now.'”

YES. Without a doubt there is a significant connection between Morality and the concept of Law & Order; which requires strict control of all borders along with the requirement that ALL citizens be able to provide immediate, verifiable identification.

 

[georgephillip]

Counterintuitive.

"In a world in which labor were free to across borders, you would expect a larger share of the global population residing and working in high productivity countries, thus dramatically increasing global income and production.

"Many academics have attempted to model how global income would respond in a world of free labor mobility.

"In summary of the literature, economist Michael Clemens found that the research indicates that ending government restrictions on the movement of labor would result in global income increasing on the order of 100%!

"That is, the total amount of goods and services produced on planet earth every year would double.

"In real terms, this would mean that global income per person would rise from $16,100 to somewhere between $26,887 and $39,767."
How Free Immigration Could Double the Economy | Corey Iacono

The problem with counterintuitive proposals, like David Ricardo's example of comparative advantage, is they require a citizen to believe in the integrity of their government.

Which is obviously a huge mistake to make today.

However, you might still ask the question: "would you move a few hundred miles for a 280% raise? How about a 2200%?"

You forgot (?) to mention the costs of social programs. 80% of the world's population would be financially better off living on welfare in the U.S. than where they are now. Isn't that what you would get with truly open borders?

I'm not sure the costs of social programs would factor in if the number of jobs increases?

"In the mind of the economic nationalist, an increase of the supply of labor necessarily increases competition for jobs, reducing the likelihood of natives finding employment and causing wages to fall.

"However, this theory ignores that the number of 'jobs' in the economy is not fixed, and it misses ways that immigrants expand native employment and contribute to economic prosperity.

"One way immigrants expand domestic employment is through their own consumption: They buy houses, cars, groceries, etc. On the supply side, immigrants may create new employment opportunities by opening new businesses. In the United States,immigrants are 30% more likely to start a business than natives.

"Empirically, there is little evidence that immigration makes economic life worse for natives.

"According to economist Giovanni Peri, the data shows that immigrants tend to increase specialization in the economy, contributing to higher levels of productivity. That is, immigrants’ skills tend to complement those of native workers. As a result, real wages of natives tend to increase in response to immigration."
How Free Immigration Could Double the Economy | Corey Iacono

 

[georgephillip]

Do you see a connection between proper morality and the restriction and control of migrants into the US?
How Free Immigration Could Double the Economy | Corey Iacono
"Publics around the world want tighter restrictions on immigration to their countries.

"Majorities in 22 of 25 nations completely or mostly agree with the statement: 'We should restrict and control entry of people into our country more than we do now.'”

YES. Without a doubt there is a significant connection between Morality and the concept of Law & Order; which requires strict control of all borders along with the requirement that ALL citizens be able to provide immediate, verifiable identification.

"Economic nationalism is a body of policies that emphasize domestic control of the economy, labor, and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital. In many cases, economic nationalists oppose globalization or at least question the benefits of unrestricted free trade. Economic nationalism may include such doctrines as protectionism and import substitution."
Do you believe in any of this^^^
Economic nationalism - Wikipedia, the free encyclopedia

 

[Anathema]

"Economic nationalism is a body of policies that emphasize domestic control of the economy, labor, and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital. In many cases, economic nationalists oppose globalization or at least question the benefits of unrestricted free trade. Economic nationalism may include such doctrines as protectionism and import substitution."
Do you believe in any of this^^^
Economic nationalism - Wikipedia, the free encyclopedia

Every single word of it. Anything we don't have and can't take from someone else, we don't need. Nor do we need to be providing things to our enemies (aka foreigners).

 

[Windship]

Isnt that exactly whats happening? And what happens to wages? And how do you build a strong economy when ppl cant acquire credit and dont make enough money to spend at the levels needed to BUILD a strong economy?

 

[Windship]

Protectionism is the economic policy of restraining trade between states (countries) through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and services produced domestically.

This policy contrasts with free trade, where government barriers to trade are kept to a minimum. In recent years, protectionism has become closely aligned with anti-globalization and anti-immigrationn. The term is mostly used in the context of economics, where protectionism refers to policies or doctrines which protect businesses and workers within a country by restricting or regulating trade with foreign nations.
est

 

[Windship]

...Maybe it will work when we are trading with the inhabitants of Kepler 186f...

 

[georgephillip]

Isnt that exactly whats happening? And what happens to wages? And how do you build a strong economy when ppl cant acquire credit and dont make enough money to spend at the levels needed to BUILD a strong economy?

The US is the latest in a 5000 year long list of strong productive economies to discover debt that compounds exponentially can destroy the strongest economy.

And the end comes very suddenly:

"A lily pod is placed in a pond. Each day thereafter the pod and then all its descendants double. On the thirtieth day the pond is covered completely by lily pods, which can grow no more.” He then asks: 'On which day was the pond half full and half empty? The twenty-ninth day,' that is, one day before the half the pond’s lilies double for the final time, stifling its surface. The end to exponential growth thus comes quickly."

http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 42)