Economics 102 with Prof Abhijit Banerjee [S2 Ep.31]
Conversations With Coleman
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What Is the Problem With Econanoon Ideas?
There's this idea that if there's an influx of low wage workers, youow into the us, that that's going to drive down wages for similar low skilled workers competing for those jobs in america. So why do you, why do you challenge that story? I think that idea is ass you on. As you have to remember, these boys are not only workers, they are also consumers. They are alsosort of workers of a particular type. Often what happens when you bring in a bunch of workers who are low skill is that the domestic comparable workers now go up the ladder. That's what makes the econanoon idea failthat they are also talent, new
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