Absolutely correct. The defining difference between the first world and the third world is labor scarcity. In the first world we don't have quite enough and that is a good thing because it means that working people get treated decently, paid well and it results in a strong middleclass. In the third world there is far too much labor and the result is poverty, exploitation and a two tier society.
The more third world labor we import the more we look like the third world. Hence my tag line.
Hmm if that is true why is India and China booming while in Western Europe, where deaths are going to overtake births, the economy is in the tank.