3 ms·
I think this is the key quote to all of this: "Instead, it has changed how the pie is split, with the losers—the workers who compete with immigrants, many of t
by caseysoftware 10y ago
I think this is the key quote to all of this:
"Instead, it has changed how the pie is split, with the losers—the workers who compete with immigrants, many of those being low-skilled Americans—sending a roughly $500 billion check annually to the winners. Those winners are primarily their employers. And the immigrants themselves come out ahead, too. Put bluntly, immigration turns out to be just another income redistribution program."
If you're worried about income inequality and improving the opportunities for people near the bottom, the current system is devastating and only making those situations more pronounced.. which will have an impact for years, if not generations.
- merpnderp 10y agoI'm not sure I get his solution. "...massive new government programs to supervise a massive wealth redistribution totaling tens of billions of dollars" How? Is he thinking that high school dropouts will all of a sudden go back to school? Or just longer unemployment and more welfare, which are unhealthy for people to be on for extended periods.
- zigzigzag 10y agoProbably he is. Retraining is the classical economics answer to the question of a skills mismatch in the population.