How does workers getting paid less become good for the us?
It does not, good for billionaires and america have scant overlap on them. There is nothing good for the us in depressing wages while bosses male record profits.
It’s a bad thing for america, good for all the countries that have experienced significant poaching of talent by the US, IMO.
How many geniuses from the global south get imported into the US for better wages
hector@lemmy.today 3 days ago
stink@lemmygrad.ml 3 days ago
Re-read what I wrote, it’s beneficial for every other country
hector@lemmy.today 3 days ago
It is absolutely not good for the countries they’re from, the talent that could start their own business comes over here, both depressing our wages and preventing homegrown companies from competing.
altruist@lemmy.zip 3 days ago
I think that you and /u/hector@lemmy.today are both right. The effect depends on the quality of talent that gets imported.
Importing top talent gives the US a competitive edge. Importing average people floods the labor market, depressing wages. This increases social division, adding to the profits of the capitalist class, but reducing the purchasing power of the median household.