A World of Monopolists — THAT'S the Ticket!

by Don Boudreaux on January 30, 2009

in Seen and Unseen

Here's a letter that I sent recently to the Baltimore Sun:

C. Paul Mendez wants to protect American workers from competition
with a moratorium on immigration (Letters, Jan. 28).  Why stop there? 
Why not also impose moratoria on worker training and on technological
advances?  After all, improved worker skills and more highly developed
production techniques increase worker productivity.  The result is that
any given amount of output is produced using fewer workers.  So worker
training and technological advances, no less than immigrants, also
compete with many existing workers.

In truth, any such moratoria
are moratoria on sources of economic growth – never wise moves at any
time, but especially not during times such as these when investors are
especially leery of committing funds to long-term projects.

Donald J. Boudreaux


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