>>13363204I missed this the first time so I guess I'll answer now
>First of all, Cato is funded by the Koch brothersOK and all the college professors who write papers arguing that the Koch brothers should be taxed more are also paid by the powers that be? These powers that be seem to be pretty confused about what they want, making economics professors overwhelmingly liberal and democratic voting
>most minute positives for low wage workers and disregard the overwhelming negatives,Maybe you can tell us why one is diminute and the other overwhelming and cite evidence for it
>such as declining real wages,No ttps://
www.nber.org/system/files/working_papers/w21801/w21801.pdf>higher housing costsYou're telling me that the poor people who are willing to work for less pay and crowd out real Americans are also willing and able to pay more for housing? Sounds totally reasonable
>strained public servicesSource for the public services being strained? I live in a city pretty heavily populated with immigrants (Houston) and haven't experienced it myself, but maybe you have
>and general inflationMaybe as a product of economic growth
>which is why nations try to maintain a net exporter statusHaving people working in your country rather than in outsourced labor in India or Mexico tends to help with that. Care to find out how that's accomplished?
>Nations which simply pursued their comparative advantage in raw resource production were eclipsed by nations which implemented protectionist policies to prioritize the development of domestic manufacturing. The early United States, German Empire and China all pursued such a strategy to develop their economies.So did North Korea. One wonders why countries which are in the middle of industrializing grow massively, must be tariffs! And here I am thinking Africa is poor because it's a poorly governed postcolonial shithole plagued with civil wars and in fact tariffs lower economic output.
