Me: Free movement of labor across borders drives down wages in developed countries because it increases the supply of labor.
Him: I’m just curious what you would tell some aspiring, developing country, as a hypothetical. Would you tell them to shut themselves off from free trade? Or would you tell them to engage in free trade? I know what I would tell them.
Me: I would tell them that free movement of labor across borders drives down wages in developed countries because it increases the supply of labor. #economy #china #immigration #industry #manufacturing #trade #tradewar #tariff #reshore #Factory
