Keyu Jin

It doesn't make sense to economists either, and economists are not all dumb.

On U.S.

immigration...

You see, I understand both sides of the story, to be very honest.

And I also understand a bit of the protectionist streak, not only coming from the US, but also from Europe and various parts of the world, which is going to be a trend.

I understand that before you care about people in the rural villages in Indonesia, you really care about, you know, the Northern Brits in this country, and they have not fared well.

I understand that...

your jobs may be under threat because of this uncontrolled influx of illegal immigrants.

From a purely economic and rational level, you'd say immigration is very important because it keeps the prices down, keeps inflation down, it keeps up the supply, which is very important when you have that much demand.

And look, you know, the standards of living have also improved for many people who can afford

Right.

The low cost workers being able to sustain the service economy.

So I understand both sides of the story.

I think that in the end, it is a balance.

And I do believe even as an economist, that social harmony, and I come back to this word harmony repeatedly, even though as an economist, this thing doesn't even exist, is becoming ever more important.

Yeah.

And as a nation, some kinds of skilled immigration is actually what makes the U.S.

the most technologically advanced country in the world.

At the same time, you do have to think about your own citizens, the ones that have had generations and been around, and you have to think about their livelihoods.

But I want to come back to the point of choice, right?