4 ms·
I must ardently oppose this, it is completely wrong. "If you are, like me, a software engineer, you should cheer every immigrant. They aren't competitors, they
by LMYahooTFY 8y ago
I must ardently oppose this, it is completely wrong.
"If you are, like me, a software engineer, you should cheer every immigrant. They aren't competitors, they are complements and create more jobs. Economics is complicated and sometimes counterintuitive, but just because "immigrants lower wages" is "common knowledge" doesn't make it true. [1]"
Whether you realize it or not, the absolute position you're taking is exploitative and false. It's the equivalent of asking if one supports a soldier on the battlefield in order to pressure their position on the war i.e."support the troops".
Furthermore, your source doesn't say what you cherry picked out of it. It says immigrants can be complements OR substitutes, and proceeds to lend some supporting data while remaining inconclusive, which is typical of fed publications. Your conclusion is your own.
"To prime your intuition a bit, consider how woman and minorities more than doubled the work force from the 1960s to 1990s with no loss in jobs or lowering of wages."
As someone else pointed out, this very simply false.
If you think that immigrants are a net-job +, by all means, do that math, but what the St. Louis FED has done is far from conclusive.