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View Diary: Obama's DHS choice will harm U.S. workers (139 comments)

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  •  Supply and demand: more foreign workers in US (7+ / 0-)

    means employers can get away with paying them, and you, less.

    There's a lot of crap taught in economics classes these days, but the law of supply and demand is one of the things econ students learn that is actually true.

    •  Please expand my understanding (0+ / 0-)

      of the "crap" that is taught by us economists.

      I'm quite curious to hear what we teach that's wrong.

      •  Ridiculous Stuff Taught by Economists? (3+ / 0-)
        Recommended by:
        esquimaux, Norbrook, IT Professional

        Ummm (from my MBA class--I'm still recovering) ...

        1.  You should never consider tastes or personal considerations of people because they are irrelevant to their decisions
        1.  You should always make the decision of lowest cost because that will always benefit you and the economy
        1.  Free trade and elimination of incentives to keep work on-shore should always be encouraged since work NEEDS to move to the location of lowest cost
        1.  Cost should be your FIRST and ONLY consideration when making a decision
        1.  An open market will ALWAYS reflect the actual value of its assets

        Yes, useful assumptions.  
        But also assumptions that lead to many of the ridiculous decisions that got us here.

        •  A few mistakes and misunderstandings in there (3+ / 0-)
          Recommended by:
          Eddie in ME, RadioGirl, Norbrook
          1. Tastes and fashion are built into cost considerations
          1. Why would you make a higher-cost decision, unless not all costs have been captured (market failure)
          1. Yep.  Why would you want to pay people more to do the same work?  That only hurts the poorest by raising the cost of the good in question so that they can't buy it.
          1. If the information reflects it, what's the problem?
          1. Nope, again, we don't say that, information may not all be reflected (environmental externalities)

          You're often confusing assumptions made to facilitate ceterus paribus analysis with assumptions we make about the actual economy.  Big difference.

    •  so? (0+ / 0-)

      This is justification to tell my friend to GTFO after he finishes school?

      Plus none of my fellow CS majors had trouble finding a job if they were flexible about where they lived. A majority had landed a good job lined up before graduating.

      •  Your college friends are lucky to get entry (0+ / 0-)

        level positions.  In a few years they will be ready to train their low cost H1-B replacements.  I hope you will be supportive of them at that point.

        •  Yeah ... (0+ / 0-)

          And tell me, in the age of undersea fiber optic cable why someone should pay you twice as much to write code than someone else who'd do a equally good job?

          Whether someone comes here (on an H1) to do the job or whether your job leaves for India -- the lesson is the same: Do unique work or accept lower wages or be unemployed.

          "We will learn an enormous amount in a very short time, quite a bit in the medium term and absolutely nothing in the long term." Grantham on 2008 Crisis

          by Bronxist on Tue Nov 25, 2008 at 07:23:05 AM PST

          [ Parent ]

    •  Well only if there are enough foreign workers (0+ / 0-)

      on the H1B to have a real effect on wages and only if you assume the DOL dictated prevailing wage is less than the real wages that would be paid. Do you have evidence of those things?

      Man. Some "progressives" make Archie Bunker look like Tim Wise.

      by JayGR on Mon Nov 24, 2008 at 07:45:56 AM PST

      [ Parent ]

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