The more I think about it, the more Hukou system makes sense. The west abolished these type of restriction and it is causing serious problems. These kind of old systems exists for a reason, and we abolished them for sake of liberty without a second thought. There should be some restrictions for migration to prevent chaos, primarily for high tier cities.
I would argue keeping it for Tier 1 cities and some strategic Tier 2 cities only. Then abolish the rest. Let the labour and wage market decide who gets to live where. But the Central Government should delegate provincial government leaders the authority to carry out their own minimum wage and labour protection laws. So different provinces can have different levels of minimum wage, labour contract laws, and welfare in order to attract different range of investments and jobs. At the same time, richer provinces and regions should continue be required to subsidise poorer regions.The hukou system is a travesty. Either abolish it or introduce a progressive hukou based taxation to transfer wealth from the privileged regions to the poorer ones.
That’s only going to increase offshoring. I’d say add 100K fee on offshored jobs too. That’ll teach those greedy bastards.To curb the displacement of great American workers™ by foreign imports in the US labor market, President Donald J. Trump just announced his decision to impose an $100,000 annual fee on H-1B visas.
Not to say that Big Daddy Trump is necessarily targeting workers or immigrants from any specific country or region, but according to , 71% of all H-1B visas are held by Indians as of fiscal year 2024.
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Unsurprisingly, share prices of two major Indian IT outsourcing companies immediately fell in response to this news:
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India in a nutshell.
Unless the guy is criminally wanted or escaping debts, there's no reason to be this extreme.