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September 02, 2008

Immigration Theater

More raids on illegals. Mainly theater. Won't make the transition to the next administration. Business interests will win. The rot is intrinsic at this point.

Globalization will destroy incomes for the vast majority in the developed world, guaranteed. We've been at a plateau for the last thirty years (the average person in the US makes slightly less than he did in 1973). A descent to global norms for similarly skilled/trained labor is inevitable. Work is now globally fungible. Comparative advantage only applies to corporations, not nation-states and their populations.

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