Tag Archives: immigration

This is a really important fact that people don’t talk about enough: McK & IMF: #immigrants (living not where born) account for 3.4% of world pop but produce 9.4% of world output/$6.7tn https://t.co/tcFELcPYid — Linda Yueh (@lindayueh) December 1, 2016 That is a huge gap. Immigrants’ economic output is almost three times their weight as a proportion of the population, a difference that adds up to $3 trillion annually. Why would this be the case? Well, immigrants are typically pretty...

It can be illustrated first by a quotation from Ha-Joon Chang’s 23 Things they Don’t Tell you about Capitalism:“Wages in rich countries are determined more by immigration control than anything else, including any minimum wage legislation. How is the immigration maximum determined? Not by the ‘free’ labour market, which, if left alone, will end up replacing 80–90 per cent of native workers with cheaper, and often more productive, immigrants. Immigration is largely settled by politics.”...

I have discussed this before. I explicitly argued that this was one the GOP myths about taxes, and I lumped it together with the notion that poor people don't pay taxes (Myth #3: 50% don't pay taxes, including immigrants).  Now a report from the Institute on Taxation and Economic Policy (ITEP) seems to confirm this view.The report claims that undocumented immigrants living in the United States collectively pay an estimated $11.6 billion dollars each year in state and local taxes. And if...

In-depth analysis on Credit Writedowns Pro. You are here: Political Economy » Britain, Brexit, and sovereignty By Marc Chandler originally posted at Marc’s blog, Marc to Market As the European Union grew, the unanimity in decision-making increasingly gave way to qualified majority voting.  This development took away an important weapon the UK deployed to pursue its national interest.  It use often to frustrate the collectivist decision-making in Brussels and...

A short op-ed in the Wall Street Journal, of all places, suggests that David Card's famous work (subscription required) on the effects of Cuban immigrants on real wages in Miami was probably correct, meaning immigration does NOT depress wages or lead to higher unemployment. Peri and Yasenov's actual paper is available here (subscription is also required, I'm afraid).I do have problems with the mainstream interpretation that real wages and employment are determined in the labor market for...

Britain is in the grip of a worrying trend. Our own Prime Minister compared migrants in Calais to insects when he called them a “swarm”. Meanwhile, internet comment sections relating to the refugees are filled with hatred and venom. Asylum seekers are referred to as “invaders”, and the trolls encourage the British authorities to shoot them, to machine gun them, and hang them on meat hooks. This dehumanization of immigrants frightens me. Not simply because dehumanization of large groups of...