Wednesday, April 09, 2025

9: India

most labor economists now believe that immigrants don’t do much head-to-head competition with native-born workers; they bring different skills and take different jobs. And the past few years, with elevated immigration, have also been an era of exceptional growth in wages for the worst paid.......... immigration is more or less neutral in its effects on inflation: Immigrants expand supply, but they also contribute to demand. In the aftermath of the pandemic, however, the huge sums spent on aid pumped up demand; this burst of demand was easier to accommodate without sustained inflation because immigration made it possible to achieve rapid growth in employment. .............. Adult immigrants tend to be working age, which means that they will spend years paying taxes before they become eligible for Medicare and Social Security, which constitute a large part of federal spending. And while this point is a bit brutal, undocumented immigrants are especially good for the budget, because they pay payroll taxes (which are collected by employers) without being eligible for future benefits. .........

the scare stories don’t match the facts.

Hillary's Self-Goal, Kamala's Self Goal

Trump’s Trade War

If Hillary had picked Elizabeth Warren to be her running mate, Hillary would have been president. But two women was too much. For Hillary. Warren was electric. That was too much electricity. For Hillary. 

She picked some bland white guy whose name or face I can not recall right now. 

Kamala had the option to pick the Pennsylvania Governor. Shapiro. And she would have won. People were clamoring for Shapiro. PA was The State where the election was going to be decided. And she picked someone who was not on anyone's list. 

I accuse both Hillary and Kamala of internalized sexism. 





Trump’s Trade War

Trump’s Trade War
Peace For Taiwan Is Possible

Trump’s Trade War

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The Silence Around the Trade War Is What Worries Me Most
Why Can’t the U.S. Build Bullet Trains?
How Does China Do What It Does? Unpacking the Secrets Behind the “World’s Factory”
Trump’s Tariffs and the Coming Great Disruption
The Coming Storm: What Happens Now That Trump Has Slapped Tariffs on the Entire World
The Emperor and the River: Why Manufacturing Jobs Aren’t Coming Back Why the U.S. Has Trade Deficits (And Why That Might Be by Design)
WTO Minus One: Trump’s Tariff Chaos and America’s Self-Inflicted Decline
China And Trade
Trumponomics: A 1600s Idea in 21st Century Clothing
Economic Theories That Disagree with Trump's Tariff Policy
$8 Billion Is Insufficient to End World Hunger
The Structure Of Trump's Victory
Only The Kalkiist Economy Can Fully And Fairly Harvest AI
मैं कपिल शर्मा शो का बहुत बड़ा फैन हुँ

How BYD Is Beating Tesla at Its Own Game
Revolutionizing Email: From Chronological Chaos to Smart AI Agents
The Next Smartphone Will Have IOT Elements
Building Tools Versus Solving Big Problems

Trump’s Trade War