They say that labor produces wealth. and therefore labor has a right to the rewards. The Japanese society and body politic produce wealth. but libertarians insist that that wealth belongs to the world. Otherwise. they would have to admit that immigration restrictions are not mere "economic distortions." but a means of protecting a property right as valid as that of Mitsubishi stockholders. The difference between wages paid in Calcutta and those paid in Tokyo is the result of something as real as interest rates. and as palpable as a blast furnace. Higher wages are not produced by a people as a result of their performance as laborers only or as investors only. but by their performance as voters and citizens.
Keywords matched
immigration