
The West’s vote on immigration
Debunking Economics - the podcast
Balancing Population Growth and Standard of Living
The decision on whether to invest in infrastructure to accommodate a growing population or improve living standards for the existing population revolves around the concept of capital broadening versus capital deepening. If there is a significant population growth, building schools, hospitals, etc., is necessary to maintain services. Alternatively, enhancing technology and quality of life for a fixed population requires a different approach. There is a trade-off between these two paths, leading to the migration issue and concerns about maintaining wages. Employers benefit from immigration keeping wages low, influencing political decisions.
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