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> The price would have evened out if labor could cross borders as freely as the goods that it produces. Not really, if that was the case for ex, everyone doing
by hittaruki 6y ago
> The price would have evened out if labor could cross borders as freely as the goods that it produces.
Not really, if that was the case for ex, everyone doing similar jobs would be getting paid the same in US or EU. I am not saying things dont get evened out to an extent, but people are harder to move than the goods they produce.
- int_19h 6y agoTrue. Still, though, it's drastically easier to move within a single country (or economic area like EU), then it is to move across the border with immigration controls - even if moving across the border is much closer geographically. You can bet there'd be a lot more Chinese workers competing for jobs directly in US if they could.