José Azel

Do open borders make sense?

When it comes to supply and demand, we understand intuitively the supply-side effect of immigrants such as an increase of immigrant workers that drives down wages. Yet, we fail to see the demand-side of immigrants as consumers. When selling our labor, immigrants that sell the same labor, may hurt us in the marketplace. But, we are helped, in the same marketplace, by immigrants that buy the goods and services that we sell.