alt Hacker NewsThat’s great, hopefully this accelerates. Too much migration just drives up living costs, stresses medical capacity, and drives wages down for many.
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t-3 • today at 8:18 PM
More people creates more economic activity and higher productivity, which is deflationary. Fewer people lowers productivity and depresses economic activity, causing inflation. You have it backwards - the real economy is not a closed system with fixed amounts of positions and finite money needing zero sum thinking.
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You’re assuming everything else can’t grow to absorb the demand.
In general it does - new housing, job creation, all of it.
What you’re really seeing is when something - often policy - gets in the way and a place ends up underbuilt.
It’s still a problem but it’s one with different solutions.