Elucidations

Episode 137: Bryan Caplan discusses open borders

10 snips
Jan 2, 2022
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Huge Global Gains From Migration

  • Migrating workers from poor to rich countries can raise their earnings ~10x and roughly double gross world product in the long run.
  • Michael Clemens' estimates multiply large per-person productivity gains by >1 billion potential migrants.
INSIGHT

Why The Same Worker Produces More Abroad

  • Productivity jumps because immigrants access better capital, management, institutions and infrastructure in rich countries.
  • Nicholas Bloom's management-quality research shows chronic mismanagement in poor-country firms is a major productivity gap.
INSIGHT

How Service Jobs Multiply Value

  • Services are productive because they save time, and saving time for a highly productive person multiplies value.
  • Example: shining shoes for high-productivity individuals frees valuable hours and raises net social output.
Get the Snipd Podcast app to discover more snips from this episode
Get the app