top | item 13615107 (no title) GFK_of_xmaspast | 9 years ago I sell my labor in exchange for money, and so it's in my interest for wages to be as high as possible, if not higher. discuss order hn newest witty_username|9 years ago Sure, it's in your interest for your wages to be as high as possible, but does this maximize overall welfare?By banning competition, the H-1B person's wage and the employer's profits go down and the product price increases.How much depends on the relative elasticities.Isn't this richer people banning much poorer people (immigrants) from competing with them? GFK_of_xmaspast|9 years ago > does this maximize overall welfareI'm not a utilitarian.
witty_username|9 years ago Sure, it's in your interest for your wages to be as high as possible, but does this maximize overall welfare?By banning competition, the H-1B person's wage and the employer's profits go down and the product price increases.How much depends on the relative elasticities.Isn't this richer people banning much poorer people (immigrants) from competing with them? GFK_of_xmaspast|9 years ago > does this maximize overall welfareI'm not a utilitarian.
witty_username|9 years ago
By banning competition, the H-1B person's wage and the employer's profits go down and the product price increases.
How much depends on the relative elasticities.
Isn't this richer people banning much poorer people (immigrants) from competing with them?
GFK_of_xmaspast|9 years ago
I'm not a utilitarian.