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joefranklinsr

5 karma · joined June 23, 2018

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joefranklinsr··on A world of free movement would be $78T richer
4.8% https://www.fxstreet.com/news/atlanta-fed-q2-gdp-estimate-ri...

4% https://www.cnbc.com/2018/06/15/goldman-sachs-model-now-poin...

joefranklinsr··on A world of free movement would be $78T richer
Sure, and we could have blown the lead in the 70s, the 80s, the 90s, the 00s, the 10s, etc. But we didn't. We valued entrepreneurship, hard work, and being the best.

50s was an anomaly with a 36% growth rate, like you said, because we were all that were left. The economy currently is very stable, diversified, and fast growing still for its size, some 70 years later.

joefranklinsr··on A world of free movement would be $78T richer
Well, I guess it depends on each person's experience. but according to https://en.wikipedia.org/wiki/List_of_sovereign_states_and_d..., US has the most immigrants at 46 million, next closest is Germany at 12 million and Russia at 11 million.
joefranklinsr··on A world of free movement would be $78T richer
if we look at this

https://en.wikipedia.org/wiki/List_of_countries_by_percentag...

it would appear US is in similar leagues with Canada, Norway, Sweden, New Zealand, etc, of having close to 0-1% in poverty. Check out the other countries in Asia or Africa if you really think America has it bad.

joefranklinsr··on A world of free movement would be $78T richer
If this was true, then US being the biggest immigrant-friendly country in the world, would do so in a heartbeat. But neither the government nor corporations are advocating this. America currently has the biggest economy in the world, an average of $58,000 income, a low 3.9% unemployment rate while enjoying GDP growth rate of close to 5% in Q2, as well as close to 220,000 new jobs every month, and growth in wage increases. In some areas (like silicon valley), employees are offered 200k-300k salaries. It got to here by having a strong republic/democracy and rules and laws, support technologies in public and private sectors, limit immigration to skill-based, and recently choosing to lower corporate tax rate and reduce corporation regulations.