Cheap labor is a crutch that inhibits innovation, as companies may opt for lower costs instead of investing in new technologies and processes, while outsourcing factories led to cheaper goods but devalued American workers and increased dependence on adversarial trade partners like China.

The failure of globalization should not be seen as a failure of innovation; rather, the pursuit of cheap labor has hindered innovation and hurt both workers and innovators.

Innovation in the absence of cheap labor is beneficial; companies should focus on building new things rather than just seeking cheaper labor.

The current economic indicators suggest that the aggressive cutting of regulations and workforce is leading to negative outcomes, contrary to the intended goals of efficiency.

The cost of winning, in terms of human capital drained from other countries, can lead to geopolitical instability, and we actually want these countries to be strong for global cooperation.

The current form of globalization has resulted in economic failure for the majority, with a decline in the share of economic product going to working people.

Mispriced human capital is fundamental to understanding the labor market and how people are compensated.

The argument for high-skilled immigration is straightforward: it allows the U.S. to attract smart individuals from around the world, enhancing productivity and innovation across industries.

The economic systems we have today are designed for a world with scarce labor, but with AI, labor will not be a scarce input anymore.