Earlier quoted context omitted.
> Another frequently-cited benefit of opened borders is that -- for the most part -- current citizens own everything in this country This is not true. Very many things in this country are owned by entities that are not citizens -- foreign corporations and/or foreign individuals. > and stand to make a bit of cash if there's an influx of new faces looking to buy houses, used cars, rent rooms, etc etc etc. Sure, some pe…
Productivity is the root of all prosperity. First read this excellent article: http://econlog.econlib.org/archives/2015/02/always_keep_you.... . Workers become on average ~20x more productive when they migrate to the first world. Because we are capital rich and we have sane government and law and order. Imagine if you were moved to Haiti and you got stuck there. How much could you contribute to society in Haiti? You…
Aggregate growth doesn't mean everyone gets more; we have a system in which the major holders of capital are very good at capturing output growth.
Policies favoring aggregate growth aren't good for most people without policy reform that alters the way gains from such growth end up being distributed.