Do you know the kind of contributions immigrants have had in this industry? Do you know how important open immigration has been to the rise of tech?
Do you know the kind of contributions immigrants have had in this industry? Do you know how important open immigration has been to the rise of tech?
That said, China has been successful (there are others) and have achieved success without this input. So I don’t think it’s a necessary ingredient. That said, talent improves economies. Imported labor (as well as automation) drives down labor costs and affects unskilled and semi skilled workers the most.
"Today, holders of rural hukou are ostracized and discriminated against by their fellow citizens, and have little choice but to take on the most dangerous, demanding, and low-paying jobs that those with urban hukou wouldn’t dare involve themselves in."
https://www.diplomaticourier.com/posts/chinas-caste-system-h...
Not many expats get to become citizens of China despite the wealth and power they have contributed to China. Chine see it as them doing _you_ a favor, not the other way round.
If China were like the US you’d have people from all over Asia streaming in to cash in on a growing economy, instead they make sure this wealth is spread amongst themselves rather than putting the poor against others willing to work under poorer conditions.
The impacts of automation are massive, I really recommend this Andrew Yang interview [0]. It's a real eye-opener.
I had not realized the scale of this mess before watching that episode. Interesting numbers and insights in that 17 minute segment.
Population growth could be changing the ability to easily get a low skilled job, but I personally believe offshoring is the biggest issue. There's simply less places to go.
Anecdotally it used to be super common to walk out of a job on Friday and find another by Monday. We need that back for the sake of worker's rights.