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That's the section where they acknowledge that, yes, people lose jobs to immigrants. They go on to say that actually more people gain jobs at higher wages becau
by joshe 8y ago
That's the section where they acknowledge that, yes, people lose jobs to immigrants. They go on to say that actually more people gain jobs at higher wages because of immigrants.
There's a section on high tech jobs to read too, take a look.
Most people believe that immigrants generally lower wages and take jobs. They almost never do. Economists who have done hundreds of studies on different wage markets have found that immigrants create more jobs and raise wages in most cases.
Also in the paper? "... how does immigration affect the average American?...annual economic gains to the native-born population to be between 0.1 and 0.3 percent of gross domestic product". This is an astonishingly large benefit. Some estimate that switching completely to self driving cars would add .2% to gdp a year. It's that big a gain. Almost no other policy we can think of has this great an effect. Our current gdp growth is at 2%.
It's not unusual to be wrong about this, there aren't more than 5 people at any major newspaper who understand that immigrants create jobs. 95% of news stories you have ever read get this wrong.
Add to that the media always going for max outrage, and you get stories about workers being replaced. Never stories about the workers that immigrants added.
Btw, H1-B workers are not magic, an American worker is creating complementary jobs too. This is why cities have such high wages, the high density of complementary labor.
And hey, when have you ever known software to not create the need for more software :0)
- treis 8y ago>Also in the paper? "... how does immigration affect the average American?...annual economic gains to the native-born population to be between 0.1 and 0.3 percent of gross domestic product". This is an astonishingly large benefit. That is $50-150 per year for a household with a median income. It's not an astonishingly large benefit. And the GDP is entirely the wrong thing to look at. In the last two decades the U.S. has roughly doubled its GDP while the median household income hasn't increased at all. Nobody really doubts that bringing in immigrants skilled or otherwise will make the economy larger. It's more about who benefits. If you're the guy that runs the business using all of this immigrant labor you do great. If you're the guy competing with immigrants for jobs you don't do great. >That's the section where they acknowledge that, yes, people lose jobs to immigrants. They go on to say that actually more people gain jobs at higher wages because of immigrants. >There's a section on high tech jobs to read too, take a look. All I see is a quote from Bill Gates and misleading statistics. Nothing that indicates that more Americans work in high tech fields at higher wages due to immigrants. >And hey, when have you ever known software to not create the need for more software :0) Which you hire more Indians to write...
- joshe 8y agoGDP per capita is $59,531. So .1-.3% of that is $60-179. For every man, woman, and child in the United States. $19-58 billion per year. This is value created, money from thin air, you don't have to tax anyone to give $120 to everyone in the United States every single year. If you know something else that good, you should let us all know. Economists and policy makers scrounge around for stuff that's not a tenth as good as that. 333-1000 things this size make up every single dollar anyone in the United States has ever had. That's all the light bulbs, car makers, services and food you've ever seen. GDP is the perfect thing to look at, it's our national income.
- tomjakubowski 8y agoIt averages to $X of value per head, sure. Does the median head actually capture value worth anything close to $X?
- isostatic 8y agoThe U.S. has a funny policy of not redistributing the gains of society. Why not instigate a universal basic income of say 5% of GDP, or $3k a year. That gives everyone an incentive to have GDP increase, rather than just the wealthiest.
- Shaanie 8y agoThat's all well and good if you're the physical manifest of your country. Most people tend to think about whether it's good for themselves, though. Does an increased GDP "trickle down" to the worker?
- Firadeoclus 8y agoGDP measures paid activity but not wellbeing, i.e. "value".
- zjaffee 8y agoDo you have a source on these studies you are saying talk about how immigration increases wages. It's the general understanding that increase imigration would lower wages for those towards the bottom of the pay band for any given profession. It may result in increased pay for those at the top of the industry should increased software development induce demand for more software development, but that's not something we know to be the case over the next 40 years. In many different marketplaces, increasing supply reduces it's cost even should there be an exact increase in demand for the given need. I.e. software development leads to there being an increased demand for more software development.
- itsfun10213123 8y ago>Economists who have done hundreds of studies on different wage markets have found that immigrants create more jobs and raise wages in most cases. Except of course the low skilled jobs that the immigrants are now doing. Those jobs see decreased wages. Seriously why do you think companies are hiring them if there were no economic gains and in the end they have to pay more to workers? They might not take jobs overall but claiming they increase wages even in the sectors that they are working in? Now that is what I call delusional.
- mbrumlow 8y ago> Seriously why do you think companies are hiring them if there were no economic gains and in the end they have to pay more to workers? THIS!