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The best heuristic is what people are realizing happened with uncheck "skilled" immigration in places like canada (and soon the U.S.). Everyone was sold that we "need these workers" because nobody was willing to work and that they added to GDP. When in reality, there's now significant evidence that all these new arrivals did was put a net drain on welfare, devalue the labor of endemic citizens (regardless of race - in many cases affecting endemic minorities MORE) and in the end, just reduced cost while degrading companies who did this.

We will wake up in 5 yrs to find we replaced people for a dependence on a handful of companies that serve llms and make inference chips. Its beyond dystopian.




Can you provide more details about said "significant evidence"? This seems to be a pretty popular belief, despite being contrary to generally accepted economics, and I've yet to see good evidence for it.




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