by Cameron K. Murray is a left leaning economist who says excessive immigration is not good for societies. It is often said by liberals, that in western societies where there is a growing, aging population that isn't fully replacing itself they will need immigrants to do the work, and especially the care work. Not so, says David Cameron, in fact, countries with shrinking populations and aging populations are more productive. You can read his research below. Overview Population ageing due to longevity is one of the greatest successes of the modern era. However, it is widely thought to dramatically reduce workforce participation and overall output resulting in significant economic costs.This widely held view is wrong. Ageing countries have higher economic growth and the improved health and
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
Overview
Population ageing due to longevity is one of the greatest successes of the modern era. However, it is widely thought to dramatically reduce workforce participation and overall output resulting in significant economic costs.
This widely held view is wrong. Ageing countries have higher economic growth and the improved health and longevity of older people increases their economic contribution.High immigration is also thought to combat population ageing and be a remedy for these non-existent costs of ageing.
This is wrong. Low immigration can affect the age structure by helping to stabilise the population, but high immigration has almost no long-run effect besides increasing the total population level. This creates bigger problems in the future.
It is also widely thought that simply investing in infrastructure will accommodate high immigration and population growth at little cost.
This too is wrong.
Fresh Economic Thinking