Thread by @USTechWorkers

In which Noah uses the “broken window fallacy” to justify why immigration doesn’t reduce wages...

https://twitter.com/noahpinion/status/1344159592758956034

For those who don’t know what the Broken Window Fallacy is, you can read up on it below.

investopedia.com/ask/answers/08…

Essentially what Noah is saying is that because immigrants not only work, but they “also buy stuff”, that implies wages go up for the labor to produce that “stuff”. A child breaking a window doesn’t mean it’s a good thing because it creates a job for a window repairman.

So the Doctors and Real Estate Agents see their earnings rise due to more immigrants. What about the earnings of those jobs that got flooded with the supply of immigrants? Notice that Noah doesn’t discuss what happened to the wages of those jobs?

What’s so hilarious about this paragraph by @Noahpinion is that he thinks businesses are going to raise wages to attract workers. Who do you think is producing our food & building our apartments? Foreign visa workers & illegal aliens. Why? Businesses don’t want to pay high wages.

“American chicken consumption boomed in the 1980s.” So according to @Noahpinion, wages would need to be raised to attract workers, right? Then why did manufacturers go on a search to find “cheaper and more exploitable workers” from Latin America? nytimes.com/2019/12/28/us/…