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They have a cost advantage. Kinda fine for where I'm standing; if we want to have more investment, we must liberalize migration! If we don't liberalize migration, necessarily the capital-labor ratio will be more capital-scarce in other countries.

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I don't think it's easy to migrate to Taiwan (it's very unlikely that it's easier than migrating here, most East Asian countries make that difficult) so that doesn't seem to actually be a prerequisite.

We already have a pretty serious unemployment problem among college graduates so something else seems to be going on (a problem with domestic universities?)

"We already have a pretty serious unemployment problem among college graduates "

Among stem graduates?

Unemployment is actually a symptom of inelasticity(?) of wages. Some people become unemployed instead of getting a minimum wage job. Until Americans can subsist on a 1k monthly salary, the cost advantage in Taiwan is real.

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