alt Hacker NewsWe also need immigration because it grows the GDP, makes for a dynamic and resilient economy, increases scientific and technological output and raises the standard of living.
Immigration is what made America great.
We also need immigration because it grows the GDP, makes for a dynamic and resilient economy, increases scientific and technological output and raises the standard of living.
Immigration is what made America great.
I think immigration from developing nations does raise the standard of living for the immigrant (e.g. India), but not for the host nation -- it's called "regression to the mean". As far as GDP goes, I always think of this:
> Two economists are walking in a forest when they Come across a pile of shit.
> The first economist says to the other "Ill pay you $100 to eat that pile of shit." The second economist takes the $100 and eats the pile of shit.
> They continue walking until they come across a second pile of shit. The second economist turns to the first and says "l pay you $100 to eat that pile of shit." The first economist takes the $100 and eats a pile of shit.
> Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. can't help but feel like we both just ate shit for nothing." "That's not true", responded the second economist. "We increased the GDP by $200!"