ทวีตที่ปักหมุด
Remittances are foreign aid — but a worse deal for America than actual foreign aid.
With actual foreign aid:
1. Congress sends taxpayer money to a foreign nation
2. Americans keep their jobs
3. Americans face no added housing demand or rent pressure
4. Americans can afford to get married and raise kids
5.America stays a high-trust society
6. Less waiting time for doctors appointments
With remittances:
1. Money is still sent to foreign nations — hundreds of billions per year, eqauling official aid budgets
2. Americans are displaced from the labor force, and wages are bid down in the jobs that remain
3. Housing demand surges in working-class neighborhoods, pricing out the people who live there
4. Family formation gets harder as wages fall and housing costs rise
5. Social trust erodes as communities churn
6. Long wait-time for doctor appointments
Foreign aid at least sends only money abroad.
Migration-for-remittance sends the money abroad and imports the labor competition.
Remittane is a foreign aid where Americans pay higher price than actual foreign aid.
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