Quote:
Originally Posted by Damien
Any specific job might have already existed but in the aggregate more workers should produce more output producing more jobs. Yes, part of it is the extra demand more people makes. That's the GDP per head increased slower than GDP during the early 2000s when we had an increase in EU migration.
However you're assuming there is a static amount of work. More economic activity should generate more work. It's a pretty foundational concept to how our economic system works. There isn't a static amount of money or work to be done.
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And where does this "more output" go to? A higher total GDP, DOES NOT mean a better economy. Where does this money that is funding this alleged massive extra demand come from? You could let in 10m extra people, all on benefits, and the GDP would go up. But in no way whatsoever would the economy be better. The GDP per person would be further diluted.