One of the most salient aspects of Sowell and why he’s so rational compared to so many others is his defining characteristic is asking “what is the tradeoff”. It’s the defining characteristic of modern conservatism, what do we get for x, what are the benefits and what are the costs. In this aspect we are now faced with in the current zeitgeist is “what is the tradeoff of H1Bs”. Why are corporations so hell bent on H1B, what are the ramifications, and who does it benefit? This has been the delineation between morality, reason, and practice. I’m posting this as food for thought. Who benefits and at what cost?
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"Line go up" is a literal requirement of major corporations thanks to the function of how being publicly traded works and the fact that shareholders do not give a single fuck about anything outside seeing that line go up. So even if the CEO and everyone making the decisions can accurately guess that the long term benefits of this are in the negative, they must make line go up today or be ousted by the board.
This is the thing hanging over the head of most problems in America in general. Short term injections of politics and other nonsense makes line shoot up, and shareholders happy, and then they need to keep getting their fix of that once the high starts wearing off and giving less and less each time. Its pure junkie behavior, and why Leftist politics went 0 to 200 in the business world so fast.
So at the end of the day, the Indian plague is just a single facet of that problem. Its probably one of the biggest of those in fact, but its just a symptom of the Ultra Rich who demand you make them more money no matter the cost and do not believe in long term investments.
They should just up their game and become the money printer then junkie could get their infinite high and the end result within their lifetime, haha
You saw withdrawal pains after the Fed raised interest rates to 5%, which is fucking nothing compared to rates back in the 1980s. It only hurts because we're leveraged (read: indebted) to the tits.
Now that rates are going back down, we're going to see a resurgence of inflation, especially if Trump's tariffs go through.
Don't forget the bitcoin reserve, that is also suppose to stem the debt a bit.
I do agree that what we need would be to go cold turkey, but ain't no junkie I know that has done that when this high and doing it now would be catastrophic and unpredictable so no way we get anyone to do it now, my hope is that infrastructure is setup so that when there is no option other than going cold turkey (cause it will be eventually) that it won't be catastrophic.