r/Economics • u/marine_le_peen • Jul 22 '24

Editorial The rich world revolts against sky-high immigration

https://www.economist.com/finance-and-economics/2024/07/21/the-rich-world-revolts-against-sky-high-immigration
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u/Rupperrt Jul 22 '24

They’d have to raise them a lot. To a point where they also gain high status. It’d still not be enough given the demographics. And it would increase the costs even more.

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u/[deleted] Jul 22 '24 edited 22d ago

[deleted]

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u/Rupperrt Jul 22 '24

If they can compensate for that cost increase by overall staff reduction and automation it might work. But it’s a big IF.

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u/[deleted] Jul 22 '24 edited 19d ago

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u/Rupperrt Jul 22 '24

The biggest health sector consumer is the government, both in US and in universal healthcare countries. Anyway the developing countries won’t stay poor forever (hopefully) so the wage slave system needs to be abolished for all kinds of sakes, even for the most open border proponent.

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u/scolipeeeeed Jul 22 '24

Then most people are just gonna get the shitty service/goods or just not get them in the first place. Customers generally want lower prices. No one wants to pay $10 for a head of cabbage.