Wage arbitrage, immigration and STEM visas

http://www.economicpopulist.org/content/do-you-know-what-wage-arbitrage-means

Also why you never bother to learn coding. Or Chinese. Or any other trendy Middle Class extracurricular fad. It’s all signalling that they’re so well-off they can take up a poor-level job as a hobby.
Someone in India can do it better and cheaper than you.

To any politicians reading, the working class (not the creative class, the one that actually produces most of the stuff) have noticed you’ve been sucking up to rich assholes, foreign or domestic doesn’t matter. A rich asshole still only counts as one vote, so they’re finally using their strength in numbers because it’s the only thing they have left. You’ll keep losing elections if you side with the minority elite, against the majority who actually produce the shit you need to tax. They have noticed and they’re very upset. Calling them ‘ignorant’ doesn’t help. Crocodile tears about foreigners who are not your responsibility rubs the salt in the classist wound. You are not elected to save the world.

I have heard this sentiment almost verbatim.

Oh, so we’re poor, but we aren’t the right color to care about? We deserve to be poor when we voted them in, but our decision-making is terrible on everything else?

This will end well…

They say it’s escalating tensions. Instead, globalism has brought about that working class uprising Marx wanted.

Meanwhile, ‘free trade’ (really The Rich Get Richer and the local economy is depressed) is finally being interrogated.

“”Benefits” of free trade
Weakened national security – the pentagon has been sounding this alarm for some time
Lessened technological and innovative edge – manufacturing accounts for over 70% of R&D investment – most advances come not from earth shaking “disruptive” technologies, but from incremental improvement to products and processes – as well as repurposing existing technology.
Stagnant wages – former higher pay, better benefit mfg workers shift to lower pay, no benefit service jobs
Intellectual property theft
Poor quality/ unsafe products
Commoditization of labor
Increased debt/deficit – borrowing to buy foreign made products that we once made for ourselves
Supply chain interruption – dependence on materials and products from unstable and potentially hostile parts of the world
Increased energy demand – takes a lot of energy to ship things all over the world
Accelerated environmental degradation- shift of production to less regulatory environments and increased consumption of extracted finite resources
Human rights abuses”

from http://www.economicpopulist.org/comment/46225#comment-46225

Porous borders remind us why we HAD borders in the first place.
Good guys generally don’t run from Governments. hat-tips SnowSnow

One response to “Wage arbitrage, immigration and STEM visas

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