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Labor Shortages: Difference between revisions

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Labor Shortages (edit)

Revision as of 04:19, 2 November 2025

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=== 2020 ===
=== 2020 ===


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|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1216064990425206784
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=[Note: people will ask about what the simplifications are about. They are about automation, singular talents that are quite rare, infant industries, temporary shortages, path dependencies, endowment variation, etc., etc.]
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|nameurl=https://x.com/EricRWeinstein/status/1216063625216983048
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Both @IngrahamAngle & @realDonaldTrump aren’t getting it here. This isn’t about cheap labor. This isn’t about brain power. This is about US capitalism for labor.
 
Let me put it in simplistic terms: Americans are walking away from markets because our capitalists hate capitalism.
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|nameurl=https://x.com/ColumbiaBugle/status/1215848646190616577
|name=The Columbia Bugle
|usernameurl=https://x.com/ColumbiaBugle
|username=ColumbiaBugle
|content=God Bless You @IngrahamAngle for Holding Pres. Trump's Feet to the Fire on His Immigration Promises!
 
Laura expresses the concerns of many America First Conservatives at the WH's plan to import more foreign "high-tech" workers to compete w/ Americans.
 
"You ran on America First."
|media1=ColumbiaBugle-X-post-1215848646190616577.jpg
|timestamp=4:11 AM · Jan 11, 2020
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|timestamp=6:25 PM · Jan 11, 2020
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|nameurl=https://x.com/EricRWeinstein/status/1216063627741949953
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=It is time...past time...to have our CEOs howling like little wimps. We need something like a [[Labor Shortages|50 year deep labor shortage with zero “Wage Relief”]]. So what if wages go up a bit? Let them go up more and more and MORE until they take an ENORMOUS chunk out of Capital’s share of GDP.
|timestamp=6:25 PM · Jan 11, 2020
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1216063629348368384
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=What’s the answer to any wage gap for women?
 
What’s the answer to Millenial family formation?
 
What’s the answer to discrimination against Seniors and Youth?
 
What’s the answer to careers after child rearing?
 
What’s the answer to Minority unemployment?
 
A: TIGHT LABOR MARKETS.
|timestamp=6:25 PM · Jan 11, 2020
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|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1216063630023639040
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=I’m going to overdo it so that the point is understandable to everyone:
 
When corporations whine about not being able to find smart people to hire, we all win as a society. The goal of making capitalism serve society is to get CEOs to perjure about [[Labor Shortages|non existent labor shortages]].
|timestamp=6:25 PM · Jan 11, 2020
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{{Tweet
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|nameurl=https://x.com/EricRWeinstein/status/1216063630669541376
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Oversimplifying only slightly: The proper job of politicians is to laugh at such corporate CEOs debasing themselves & to ask them about the ratio of their total compensation packages to the compensation packages they are offering: “What happened when you offered 7 or 8 figures??”
|timestamp=6:25 PM · Jan 11, 2020
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{{Tweet
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|nameurl=https://x.com/EricRWeinstein/status/1216063631336493056
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=This message has been brought to you by the pro-market, pro-freedom, Pre-Clinton, Pre-Identity Politics, and Pre-Batshit crazy Patriotic American Left.
|timestamp=6:25 PM · Jan 11, 2020
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|timestamp=6:31 PM · Jan 11, 2020
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{{Tweet
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|nameurl=https://x.com/EricRWeinstein/status/1216077372400627712
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Well, I’ve thought about this. Even published.
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|nameurl=https://x.com/EricRWeinstein/status/1216076462383497216
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A correct initial point. Wrong (business school friendly type) frame.
 
Given not Zero sum: do you think more or less innovation would happen if labor access rights were securitized & traded as in [[Ronald Coase|Coasian theory]] or if they were confiscated and used as seigniorage as they are now?
|quote=
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|nameurl=https://x.com/erikbryn/status/1216070954876637184
|name=Erik Brynjolfsson
|usernameurl=https://x.com/erikbryn
|username=erikbryn
|content=It’s not zero sum.
 
Do you think wages (and innovation and profits) would be higher or lower if fewer of the very smartest people came to Silicon Valley from the rest of the world?
https://en.wikipedia.org/wiki/O-ring_theory_of_economic_development
|timestamp=6:54 PM · Jan 11, 2020
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|timestamp=7:16 PM · Jan 11, 2020
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|nameurl=https://x.com/EricRWeinstein/status/1216076465277566976
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Next point: do you think that it is more or less efficient to pretend STEM workers are ‘graduate students’ being paid with [[Immigration|immigration]] lures and not allowed to unionize or is it better to use markets?
|timestamp=7:16 PM · Jan 11, 2020
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|nameurl=https://x.com/EricRWeinstein/status/1216076466875596800
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Additionally, how many of the [[H-1B Visa|H1Bs]] are tethered to “sponsoring employers” or masters? What happens when wage signals are distorted by servitude? How many niche businesses founded by immigrants would have been founded by natives? Why is this often not estimated or set to zero??
|timestamp=7:16 PM · Jan 11, 2020
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|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1216077369947017221
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Overarching point: our entire immigration discussion is framed & structured to come to conclusions favored by employers. It excludes rights issues, efficiency issues, tampering, dilution, externalities. You are interpreting my frame rejection as my not having thought about this.
|timestamp=7:20 PM · Jan 11, 2020
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|timestamp=7:20 PM · Jan 11, 2020
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