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To: 9YearLurker
Clearly economics is not your strong suit. Lets say 3 US companies make software to do function A. We'll call them company 1,2 and 3. They are the only companies that make that software and no H-1B visa holders can work there or the visas just don't exist for this exercise. Each employs 100 IT workers = 300 total

Ok Company 3 is in trouble, they are losing market share and they start to lose money. They go out of business. Company 1 and 2 gain 3's market share plus there are now 100 more IT persons to employ which pushes down wages WITHOUT ANY OUTSIDE FOREIGN IMPORTS. This is your cost reduction mechanism.

So I believe in creative destruction.

51 posted on 09/16/2015 11:10:17 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Fortunately, your peculiar version of economics is not mine at all.

You never addressed my question of foreign companies. Because they are the ones who would fill the void—unless you pull up the draw bridge and go for complete economic isolation—which would be a disaster.


53 posted on 09/16/2015 11:15:14 AM PDT by 9YearLurker
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