A country with no wage growth has enough “human capital” and does not need to import any, at all.
True. Add high unemployment to the mix as well. It is even worse than that given the lack of skills found in the majority of our immigrants. It is a fact that automation and robotics will decrease the need for unskilled labor in the future. Given that fact alone, there is a substantial argument against our current immigration policy. I continue to support immigration for highly skilled and educated people - that is a win for everyone. While I realize that flies in the face of what I agreed with you about, I am confident that people who have a history of accomplishments will find work somewhere and let the best skilled workers prevail. Competition makes everyone better.