> How much of their remaining income is remitted straight to their impoverished relatives back home?
The skilled labourers do far more of that than unskilled ones.
> Guess what else happens commonly to unskilled, under-the-table labor? Injuries! Which I have to pay an outsized amount for in the form of Medicaid and ER fees.
The vast majority of the cost of health care is old people, and it's expensive because it's labor intensive. The way to bring health care costs down is to increase the ratio of young people to old people. Which in 2024 means immigration.
> Know how to easily filter out Jensen Huang from the crowd of people swimming across the Rio Grande? Marketable skills.
Marketable skills like shopkeeper? That's what Jensen Huang's parents were.
> The vast majority of the cost of health care is old people
Chronic costs, yes, costs borne out of tail risks - no.
> Marketable skills like shopkeeper? That's what Jensen Huang's parents were.
If you have the drive, economic ability, wherewithal in 2024 to keep a shop - operate a business - in the United States in 2024, yes, this is a desirable, marketable skill.
> Chronic costs, yes, costs borne out of tail risks - no.
Chronic costs are the vast majority of total costs
> If you have the drive, economic ability, wherewithal in 2024 to keep a shop - operate a business - in the United States in 2024, yes, this is a desirable, marketable skill.
That's a priori data. Jensen's parents weren't shopkeepers in Taiwan, so how would you know this?
The skilled labourers do far more of that than unskilled ones.
> Guess what else happens commonly to unskilled, under-the-table labor? Injuries! Which I have to pay an outsized amount for in the form of Medicaid and ER fees.
The vast majority of the cost of health care is old people, and it's expensive because it's labor intensive. The way to bring health care costs down is to increase the ratio of young people to old people. Which in 2024 means immigration.
> Know how to easily filter out Jensen Huang from the crowd of people swimming across the Rio Grande? Marketable skills.
Marketable skills like shopkeeper? That's what Jensen Huang's parents were.