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Economy |
Immigration to America is down. Wages are up. Are the two related? |
2020-02-18 |
h/t Instapundit [Economist] - In both 2018 and 2019 nominal wages rose by more than 3%, the fastest growth since before the recession a decade ago. Americans at the bottom of the labour market are doing especially well. In the past year the wages of those without a high-school diploma have risen by nearly 10%. Intriguingly, this has come as America has turned considerably less friendly to immigrants, who are assumed by many to steal jobs from natives and lower the wages of less-educated folk. The two phenomena may be connected‐but only for a while. Sun rise and temperature rise - are they related? |
Posted by:g(r)omgoru |
#1 Stupid f---s. George Borjas of Harvard studied this DECADES ago and demonstrated that illegal immigration in this country results in, on average, a 9% reduction in wages. Anyone with a functioning brain could have seen this: decrease supply of a commodity, hold demand equal, watch the market-clearing price increase. Instead we've seen US real wages decline for over 30 years - until Teump reminded the nation of what Congresswoman Baebaea Jordan of Houston said in the mid-1990s: illegal immigration is a scourge. It is devastating this nation. It is the biggest threat, by far, to the prospect of a normal life for every member of our native-born working class. It must end if we are to remain a democracy. |
Posted by: Lex 2020-02-18 09:30 |