In a recent interview with Nathan Goodman of the Mercatus Center at George Mason University, Professor Michael Clemens, a GMU specialist in migration economics, put forth "a strange and striking fact about the world economy." A lower-skilled person's location in the world can make a significant difference in how much wealth he creates, not just for himself but for society in general. According to Clemens, few people appreciate that, say, a poor shoeshiner in Haiti could earn far more money doing the same work in a wealthy American city because his customers, who are rich by world and...
TGIF: Free Movement Increases Wealth
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