Bruce_the_vii
Forum Super Elite
Posts: 2944
Posted: Sun Feb 04, 2007 9:34 am
It’s due to the BruceTrick. It’s economic, and rather synergetic. The idea is to rein in premature immigration as follows: To restrict foreign immigration to a lottery for a city when it reaches very low unemployment, 2%. The trick is complemented by increasing minimum wage in the city area only as well to weed out the worst businesses. Skilled and professional positions would be filled by more training. The synergies are:
1) low unemployment in the cities all the time
2) raises the level of the labour force (NB1)
3) raises minimum wage in a city(NB2)
4) quenches inflation (NB3)
5) skilled and professional positions become more available (NB4)
6) increases internal migration from regions (NB5 )
7) increases productivity (NB6)
8.) increases tax base
9) decreases poverty and welfare
10) exports poor paying jobs to poor regions
11) exports poor paying jobs to offshore, an alternative to foreign aid
12)punches out current elected officials, who have few ideas
Going forward the BruceTrick might produce $1 trillion of savings over several decades. The arithmetic of each of these potential improvements is good and rather large and that’s where the $1 trillion figure comes from.
NB1: the level of the labour force wobbles and is sensitive to the level of unemployment
NB2: the target in rich cities should be $12 an hour, the affect would be to slow growth of bad entrepreneurs.
NB3: the central banks would have a new anti inflation tool to talk about
NB4: training indigenous and landed immigrants is wiser than importing
NB5: this is a biggie. Canada is plagued by regional disparity but internal migration is sensitive to economic conditions in destination cities. Migration can be from within a province or inter provincial. In the case of Quebec the Francophones in Les Regions can only move within Quebec so this is a particular sensitive issue.
NB6: small business is fragmented and not busy. Getting rid of all the duplication in the cockroach economy of the bottom would firm productivity