Yeah, GDP might rise, but the wealth increase is only evident for the upper classes. For the working & unskilled classes it means wage stagnation, increased rent & property prices, decreased education outcomes for children, and more competition for essential services.
People who advocate for open borders are engaging in class warfare.
True, but every negative event that requires money to fix, every crime committed by a migrant that needs money spent to remedy it, it all adds to GDP.
Possibly the most productive activity possible by GDP is to pay a man to dig a hole, and pay him again to fill it in the next day, because it's all about the flow of money, not about any useful end for that flow.
Yeah, GDP might rise, but the wealth increase is only evident for the upper classes. For the working & unskilled classes it means wage stagnation, increased rent & property prices, decreased education outcomes for children, and more competition for essential services.
People who advocate for open borders are engaging in class warfare.
True, but every negative event that requires money to fix, every crime committed by a migrant that needs money spent to remedy it, it all adds to GDP.
Possibly the most productive activity possible by GDP is to pay a man to dig a hole, and pay him again to fill it in the next day, because it's all about the flow of money, not about any useful end for that flow.
Are you suggesting that the liars in charge cook the books? I'm shocked! Shocked! Truly, though, good observation.
I prefer the comic where Paul Krugman pays Ben Bernanke $1000 to eat literal bullshit, and vice-versa.