How is increased legal immigration good for the United States? … How is increased legal immigration good for the United States? ChatGPT: Increased legal immigration can benefit the United States in several important ways — economically, socially, and strategically. Here’s how: Economic Growth and Productivity Labor force expansion: Immigration brings more workers into the economy, which helps offset America’s aging population and declining birthrate. Skill diversity: Highly skilled immigrants boost innovation, technology, and competitiveness, while lower-skilled immigrants fill essential jobs in agriculture, construction, healthcare, and services that are often hard to staff domestically. Immigration surplus: By increasing the labor supply, immigrants lower some costs but also raise productivity and returns to capital, generating a net economic gain. Innovation and Entrepreneurship Immigrants are disproportionately likely to start businesses — including high-tech firms that creat...
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Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 6 The Economics of Labor Markets Chapter 19 of 36 Earnings and Discrimination Section 10 of 16 … Most analyses of wage differences among workers are based on the equilibrium model of the labor market. Equilibrium is the point where wage level adjusts to balance labor supply and labor demand. However, this assumption does not always apply. … For some workers, wages are set above the natural supply and demand equilibrium level. There are three main reasons for above-equilibrium wages. #1: minimum wage laws Most workers (about 95%) are not affected by these laws because their equilibrium wages are well above the legal minimum. But for the least skilled and productive workers, minimum wage laws raise wages above the equilibrium level. … #2: labor unions A union is a worker association that bargains with employers over wages and working conditions. Unions often raise wages above the level that would prevail ...
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 6 The Economics of Labor Markets Chapter 19 of 36 Earnings and Discrimination Section 9 of 16 … Most actors earn little money and often take jobs such as waiters to support themselves. But famous actors like Johnny Depp earn millions of dollars for each film they star in. Most people who play tennis do it unpaid as recreation, but Serena Williams earns millions playing as a pro. Depp and Williams are superstars, and their great public appeal results in huge incomes. … It is not surprising incomes differ within occupations. Good carpenters and plumbers earn more than average ones. People vary in ability and effort, these differences lead to income differences. But the best carpenters and plumbers don’t earn the millions made by the best actors and athletes. … To understand the big incomes of Depp and Williams, we look at the special features of the markets for their services. Superstars arise in markets ...
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 6 The Economics of Labor Markets Chapter 19 of 36 Earnings and Discrimination Section 8 of 16 … According to the human capital theory view of education, schooling and training raises workers' wages because they become more productive. Economists have proposed an alternative, signaling theory, which emphasizes firms use educational attainment to sort likely high-ability and low-ability workers. According to this view, when people earn a college degree they do not necessarily become more productive because of the education itself but people do signal their potential higher productivity to prospective employers because it’s easier for higher-ability people to earn a college degree. … In the similar advertising signaling theory the advertisement itself may contain no real information but the firm signals product quality to consumers by its willingness to spend on advertising. In the education signaling theo...
Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 6 The Economics of Labor Markets Chapter 19 of 36 Earnings and Discrimination Section 7 of 16 … How substantial are the economic benefits of good looks and beauty? Economists Daniel Hamermesh and Jeff Biddle addressed this in a 1994 study of individuals in the U. S. and Canada. The economists examined how much wages depended on the standard determinants such as education and experience and how much their wages depended on physical appearance. … The study found having good looks results in higher wages. People who were deemed · to have better-than-average looks earned 5 percent more than people with average looks · to have average looks earned 5 to 10 percent more than people with less-than-average looks Results were similar for both men and women. … Good looks are useful in any job in which workers work in public including acting, sales, and waiting on tables. People return and buy more just to see the ...
Scot and Fumiko pictures and information
Fumiko Scot's information: Weight at 163 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 170. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, now eat right and light, get enough exercise. Now am spending most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back t...
HAT Manifesto Part 1/3 - Rubric Cube - 250803 edit
“The world we see that seems so insane is the result of a belief system that is not working. To perceive the world differently, we must be willing to change our belief system, let the past slip away, expand our sense of now, and dissolve the fear in our minds.” - William James “All experience has shown mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” - Thomas Jefferson “Wherever good fortune enters, envy lays siege and attacks it. And when it departs, sorrow and repentance remain behind.” - Leonardo da Vinci “Struggle is the indispensable accompaniment of progress. If men were entirely social, man would stagnate. A certain alloy of individualism and competition is required to make the human species survive and grow. Without qualities of an unsocial kind men might have led an Arcadian shepherd life in complete harmony, contentment, and mutual love. But in that case all their talents wou...