Recently, I witnessed this exchange:
Guy #1
We need immigrants.
Guy #2
We do not need immigrants. Government might desire immigrants. Real estate speculators might desire immigrants. Big box store investors might desire immigrants, but we do not need immigrants.
So I interjected an asked:
Why do we need immigrants, exactly? Immigrants show up to a built infrastructure, one which citizens of the past paid to have built. Current citizens must overpay in taxes to fund many immigrants. Would you take strangers into your family for years at a time and pay to feed them?
And then Guy #1 said:
The USA has a labor shortage. So we need no nurses, waitresses?
Me
Who said that "we need no nurses?" Who said that "we need no waitresses?"
Guy #1
Where I live, the hospitals don't have enough nurses, or even doctors.
Me
Where you live, hospital admins are unwilling to pay wages high enough to make enough nurses nor are they willing to invest in R & D to produce new tool capital to increase the efficiency of extant nurses.
Medicine is merely a product like anything else. Politicians make it super inefficient.
More immies equals cheap labor. It fosters shrinking per capita capital ownership into the hands of a few at the top. More immies give those at the top the means, the cover, to equalize wage rates through redistribution, of those below them.
The goal of those at the top is to stay there. They strive to do so by putting as many barriers as possible to inhibit would-be competitors as upstarts who could make extant capital structures of those at the top obsolete through creative destruction.
Exposing the Labor Shortage Fallacy
Under free markets capitalism, there never is a labor shortage. There is only an unwillingness to shift resources to their most demanded uses because of political interference.
In an efficient economy under capitalism, would-be producers will compete for all resources (through bidding) so as to put those resources to the best, highest uses.
There are no labor shortages. There are many would-be producers who lack the buying power to bid high enough to secure enough of extant labor. How they desire to produce is inefficient. Since they can not sell at prices high enough to overcome their inefficiency, society, that is, everyone involved in voluntary exchange, have deemed what they offer to produce as undesirable.
Under capitalism, when producers can not get enough labor, they must hit upon a mechanized means (tool capital) to leverage the labor they have to get their labor to be more efficient. That is the whole point of capitalism!
Labor is merely another kind of capital to an enterpriser. Under free markets, free enterprise competitive capitalism, investors are forced to surrender shares of profits until they can secure enough labor as capital for their undertakings. Under true competition, there are very few rich and those who are rich are not much richer than those who are not.
Claiming there is a labor shortage is a fallacy, an error of thought owing to not understanding reality.
Capitalism Death Whorl
Increasing labor reduces capitalism and leads to the Capitalism Death Whorl. Those who argue for more immies argue against their own livelihoods.
- Wages come from the return to capital.
- Wages set all other prices.
- Increasing the working-age population faster than the return to capital rate makes true wages fall (not current dollar wages).
- When real wages fall, true prices fall (not current dollar prices).
- When real prices fall, the true returns to capital fall.
- When the true returns to capital fall, future capital investment falls.
- When future capital investment falls, future returns will be lower and thus future wages will be lower.
- In order to maintain profits by maintaining productivity, firms must increase the working-age population.
- And with that, we return to Step 3.
Most Economists (PhD Academicians) and Politicians Simply Do Not Understand How Capitalism Works
Without capitalism, there can be no wages (e.g., much of Africa). Where there is high cap spend per capita, there are high wages (e.g., Norway). Where there is low per cap capital spend, there are low wages (e.g., China, India).
For more of my works on this important subject, check out:
- UNFETTERED IMMIGRATION IS KILLING AMERICAN CAPITALISM
- CURTAILING IMMIGRATION MAKES CAPITALISM WORK. ECONOMIC ILLITERATES VERSUS PRESIDENT TRUMP'S IMMIGRATION REFORM PLAN. - TRUE DOLLAR JOURNAL
- ILLEGAL IMMIGRATION. WHY IT'S BAD FOR YOU AND A BOON FOR ANTI-CAPITALISTS.
- CONFUSED BILL CLINTON SAYS AMERICANS NEED IMMIGRANTS. NORWEGIANS VS AMERICANS.
- NAFTA? CANADIANS SHOULD PAY A 15.5% TARIFF FOR EXPORTS INTO THE USA. THE WORLD SHOULD PAY MUCH MORE.
The USA Overflows with Working Age Adults
There are 327 million Americans. The USA is the third most populated country on earth. Only China and India have more people.
The U.S.A. is 1.24 times bigger by headcount than the next biggest country of Indonesia. The USA is 2.56 times the next biggest first world industrialized competitor, Japan.
Those of working age comprise the majority of the US population.
There is no labor shortage in the USA. There is merely unwillingness of investors to forego profit to hire workers at wage rates that pay higher than what idle US citizens and resident aliens can receive in welfare from Congress.
There is no need to import any workers into the USA, anytime, for any reason whatsoever. Americans need exactly zero foreigners here to take jobs away from Americans.
The only foreigners who should come to the USA should be tourists.
Gab It
