Tag: Wages

Wage arbitrage, immigration and STEM visas

Philosophies of a Disenchanted Scholar

http://www.economicpopulist.org/content/do-you-know-what-wage-arbitrage-means

Also why you never bother to learn coding. Or Chinese. Or any other trendy Middle Class extracurricular fad. It’s all signalling that they’re so well-off they can take up a poor-level job as a hobby.
Someone in India can do it better and cheaper than you.

To any politicians reading, the working class (not the creative class, the one that actually produces most of the stuff) have noticed you’ve been sucking up to rich assholes, foreign or domestic doesn’t matter. A rich asshole still only counts as one vote, so they’re finally using their strength in numbers because it’s the only thing they have left. You’ll keep losing elections if you side with the minority elite, against the majority who actually produce the shit you need to tax. They have noticed and they’re very upset. Calling them ‘ignorant’ doesn’t help. Crocodile tears about foreigners who are not your responsibility…

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