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The Republican debate and unintended consequences..
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11-23-2011, 05:20 PM
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Frodogzzz
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Oct 2005
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The Republican debate and unintended consequences..
One thing that really struck me about the debate last night was the stance on immigration.. Everyone was in support of just letting anyone from anywhere in the world, who came here to study math, science or engineering, gain automatic citizenship. The claim being that these people start businesses and that's good for the country.
And it may be.. At the same time, however. I have to wonder if they're just attempting to flood the upper end of the labor market now.
It's a game they play. They wag their fingers at the democrats for fucking around in markets, and then they seek to remove the advantage to American citizens of a labor vacuum.
According to Republican economics, people are supposed to see this vacuum and invest in education to fill it.. It's supply and demand. A function of the market driven economic theory we all (Or most of us, anyway) adhere to..
So, it's a great theory.. But in practice, when they SEE a vacuum, they immediately attempt to fill it by modifying policy.. (And I mean ANY POLICY.. Trade policy, Immigration policy, Monetary policy, Environmental policy, etc.. Whatever! It's all on the fucking table with these guys.)
In this case, who is going to take on a quarter million bucks or so in education debt, just to find themselves competing with the H1B crowd, and now, a promise of instant citizenship upon graduation? They keep whining about an uneducated workforce.. but from where I sit, it is less than a sure bet that someone who follows their prescriptions, takes on a ton of debt and extends their education, won't find themselves less well than someone who say, started a construction company.. Or get a government job. Or do any number of things besides immerse themselves neck deep in debt before they even enter the workforce.
Our market works on incentives.. Why would you want to knock them down wherever you see them?
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