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tossaccount123

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tossaccount123
·7 ปีที่แล้ว·discuss
The US didn't have an income tax at all until the 20th century, at least at the federal level
tossaccount123
·7 ปีที่แล้ว·discuss
It was hyperbole to show the effect of supply and demand

More and more I notice how similar software engineers are beginning to sound like the "Made in America" factory workers who said China could never do their job. Never take the present comfy situation for granted
tossaccount123
·7 ปีที่แล้ว·discuss
>To prime your intuition a bit, consider how woman and minorities more than doubled the work force from the 1960s to 1990s with no loss in jobs or lowering of wages.

You do realize there hasn't been a raise in real wages since the 70s when you account for inflation right? Coincidentally during that same time period the income gap exploded because the wealthy had plentiful cheap labor and were able to pocket the productivity gains as pure profit because workers had no leverage to demand higher wages because there were 0 labor shortages. American's used to be able to support large families of 4+ kids with only 1 working parent. Now you have households with both working and they can't afford to have kids.

http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-...

I support high skilled immigration because it benefits the country but let's be real, if we dropped 10 million software engineers in Silicon Valley from around the world, guess what? Wages would drop massively because it would be a buyer's market for tech companies, they could pick and choose the most talented for pennies