> The main reason the US has such high salaries is not that we stopped skilled workers coming here - around 50% of Fortune 500 companies were started here by imiigrants
Well, its also not because of immigration, at least not mainly. Europe has plenty of immigration and salaries are much lower.
In my non expert view its the U.S world hegemony and dollar's status as reserve currency that do the trick. U.S can stop immigration tomorrow and still salaries will be very high for decades.
Well, its also not because of immigration, at least not mainly. Europe has plenty of immigration and salaries are much lower. In my non expert view its the U.S world hegemony and dollar's status as reserve currency that do the trick. U.S can stop immigration tomorrow and still salaries will be very high for decades.