Well then, let's import all the world's poor people and subsidize
them. Or better, why not send the subsidies directly to them? That
surely will make them work harder, and more productive.
I actually have an answer for that! When a person crosses the Rio
Grande, their marginal product goes up by ... six, ten, something times
( don't remember the exact figure ).
So there's no point. I realize you were not being serious, but as it
happens...
This is a big deal, because we can underpay them by our
standards and overpay them by their home standard. And eventually things
equalize out...
That just causes people to use corn instead of more suitable products,
and reduces the supply of everything that isn't corn. We then have an
oversupply of corn, which we correct by artificially demanding it be
used for ethanol, driving the price back up.
Sorry, I meant the *main* corn subsidies, not the ethanol mess. I mean
the general Earl Butz programme and what it's evolved into.
Basically, we overproduce, and that margin means people can make
more relaxed estimates of shortage risk. The paradoxical result is
that things are actually cheaper. I don't know what happens to the
surplus but it's not apparently a major problem.
I won't argue that the ethanol boondoggle is disgusting.
Wrt jobs, it distorts the job market, displaces youth, and replaces
our population with people of completely different values and history.
It might. It might not. it depends. There is actually a writer who
apparently, in a fit of Steinbeck-ism, endeavored to become
a lettuce cutter in the California Central valley. Turns out it takes
years to make a good lettuce cutter. It's not like logging
for a summer.
And the "history" includes basically being run off in parts of our noble
country. That's not their fault, and it's really not ours - the Mexico
City regimes could not hold El Norte. We stole it fair and square
( or as close as anybody could get to that ).
This is a little harder to swallow for those from South America,
although there were plenty of 19th century "filibuster"ers* who
made an godawful mess down there that's still giving dividends. .
*the William Walker type, not the parlimentary type.
Rwanda had a genocide not long ago--would millions of Rwandans fit in
here, understand capitalism, a republican form of government, due
process, and civil rights?
Probably not. But we let a lot of Russians in at critical times in the
past. If you look at why we don't any more, it's mostly because of
people like Hearst.
My parents have sponsored two families to come to this country. So i
am biased in favor of immigration.
It has nothing to do with advertising.
Okay.
If you're an indigenous worker
without subsidy, how can you compete with an illegal one who is
subsidized?
You usually don't have to.
How can you possibly work for as little as he can, when
he doesn't have your same expenses?
You can't. But it generally doesn't create many problems - Manuelo* is
not gonna show up to work at a retail place or a Starbucks because he
doesn't have the cultural and social capital.
*of the Robert Earl keen song of the same title.
You don't think removing all rewards for working harder--trapping
people in poverty--is bad? How is that good for them, or society?
Work is nothing more than a necessary evil. Consumption comes
first - demand leads production. As we continue to "progress",
more and more stuff that used to be a living will not have the marginal
product necessary to support people doing it. It'll get automated or
it'll go away - or people will make hobbies of it.
We choose cheaper stuff that's basically the same all the time. Even
if we wnated to change that, I doubt we could.
"People getting trapped in poverty" is a big, complex thing. I've
gone on enough for now. Basically, we are not trees - when it's
1928 and you can leave Greenville, Ms to go to Detroit, you
probably ought to.
if we're serious about the dual mandate ( I think we are not ) then
there's an entire other thing that has to happen, and IMO, that's
about monetary policy.