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Culture War Roundup for the week of February 19, 2024

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Wages are ultimately set by productivity and what people are willing to pay. If we reduced immigration and berry prices jump that’s not going to make people happy either.

There’s nothing good about the wages of say plumbers going up forever because of an undersupply of labor (vs. increases in productivity). That’s economic stagnation. You can’t just focus on wages; you also have to consider that consumers pay the higher prices to fund the higher wages. Absent increases in productivity, higher wages mean less consumption due to higher prices and/or shortages. In other words, it’s a poorer place overall.

Remittances aren’t a major variable because I strongly doubt they are large enough to be a significant factor (prove me wrong), criticizing people for how they choose to spend their money is generally bad, and also foreigners receiving the money probably buy some international goods, including from America. Yay globalization.

My point about China is that it’s not a valid criticism of economic policy based on free trade, it’s a valid criticism of geopolitical policy. Free trade in general is great, but not when it’s with the USSR and China, or involves giving up key capabilities from a national security perspective. Europe, for example, was very stupid to become so reliant on Russian gas.

The Rust Belt failed to be competitive as economic needs changed. That’s on them. Compare them to the economic growth in the south and southwest over the same time period.

I don’t think you grasped my point about how restricting the US labor supply strengthens the incentives for companies to go looking for labor overseas, because what you wrote is entirely in line with it.