By Matthew Yglesias on Jun 13, 2011 at 10:04 am
What`s more, Nowitzki`s skills are to a considerable extent complementary to the skills of other workers employed by the Mavericks. ... And Nowitzki, in particular, offered a extremely unusual skillset - a seven-foot-tall player who can shoot accurately with range.
So, therefore, because uniquely talented immigrants are useful, the logical implication is that the U.S. must continue to take in tens of millions of unskilled short guys with grade school educations. Got it!
By Matthew Yglesias on Jun 13, 2011 at 11:45 am
But at the moment we`re suffering from a huge shortfall in aggregate demand due largely to the huge gap in personal consumption. Lots of different kinds of policies could close that gap or substitute for closing it, but increasing the supply of labor won`t.
Nothing Yglesias`s recommendation of a 165,000,000 more immigrants won`t cure.