A very interesting study, going against the fears of many people. It also has some links with interesting related coverage. DP
Influx of foreign workers leads to increased investment, study finds
By Martin Wolk, Chief economics correspondent, MSNBC
MSNBC : In the debate raging on Capitol Hill over how to reform the nation’s immigration laws, one assumption never far from the surface is that foreign-born workers are taking jobs from native-born Americans and driving down wages.
“What is wrong about thinking about justice for the guy whose wages are being depressed because of the millions of people who are coming in here and willing to take the job for even a lower price?” Rep. Tom Tancredo, R-Colo., asked in a Fox News interview recently. Tancredo, an outspoken opponent of illegal immigration, favors building a 700-mile security fence along the Mexican border and strongly opposes any “amnesty” for undocumented aliens, including the path to citizenship contemplated by a bill that stalled Friday in the Senate.
Many economists agree that undocumented aliens reduce wages for the least skilled native-born workers, but most also say immigration benefits the economy overall by lowering prices for consumers in a sort of Wal-Mart effect. One intriguing study even suggests that the huge influx of immigrants since 1980 has boosted the average wage of U.S.-born workers by about 2 percent, partly by spurring additional capital investment.
Be sure to read the rest of this story! This is only a small part of it.
No comments:
Post a Comment