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Stocks going up doesn't actually improve things for anyone. To use Microsoft as a specific example: that stock price increase corresponds directly to a reduction in quality of life for many people.

This is, of course, immaterial to your main point: we can point to many actual contributions from migrants, such as maintaining infrastructure, providing food and education, and technological advancements.



> Stocks going up doesn't actually improve things for anyone

Yes, it does, it’s called the wealth effect. This is beyond firm effects that stem from lower costs of capital.




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