Posted on 01/10/2020 11:41:37 AM PST by NobleFree
Immigration makes all of America richer, but it can make some Americans poorer, the non-partisan Congressional Budget Office says in a report issued January 9.
“Immigration, whether legal or illegal, expands the labor force and changes its composition, leading to increases in total economic output,” said the non-partisan report, titled “The Foreign-Born Population and Its Effects on the U.S. Economy and the Federal Budget—An Overview.”
But this national expansion does “not necessarily [deliver] to increases in output per capita,” or income per person, the report said:
For example, business leaders say the nation’s enormous population of immigrants has expanded the nation’s workforce, increased consumption, and driven up housing prices. But that inflow has also shrunk the wages of less-educated Americans, the report said:
"Among people with less education, a large percentage are foreign born. Consequently, immigration has exerted downward pressure on the wages of relatively low-skilled workers who are already in the country, regardless of their birthplace."
[…] More ominously, the report also suggests that the American middle-class — including millions of young college graduates — may suffer a similar economic disaster if immigration policy is shifted to raise the inflow of foreign college graduates. […]
Many business advocates in Washington are calling for a dramatic increase in “high-skilled immigration” — meaning foreign college graduates who would compete for the same jobs as American college graduates. For example, Sen. Mike Lee (R-UT) is trying to pass his S.386 bill that offers the prize of renewable work-permits — and eventual citizenship — to an unlimited number of foreign graduates.
[…] Lee’s bill creates a new legal status called “Early Adjustment.” This status would allow an uncapped number of college graduate migrants to apply for renewable work permits long before they can get a green card [...]
(Excerpt) Read more at breitbart.com ...
Well, Duh
Some liberal civil rights leaders knew this decades ago.
Thats kind of the point no
Immigration makes all of America richer ????
No it does not. The writer should try to explain this.
Wow, it’s taken the CBO 3 years to admit the Trump Train knows where it’s going unlike demamtrak.
And increased government expenditures, no doubt.
Republicans like Romney and H-1B Lee can GTH.
I did not read anything about increases taxes and debt to support the immigrants on welfare and other benefits. Did I miss something?
The virtue signalling pro LEGAL immigration cult is huge even here on Free Republic
At least, they make up for it by increasing housing costs and crowding schools and infrastructure. Puke.
Gee, ya think?
No shit
Import non-American engineers, programmers and techs. Make the cost to employ non-Americans cheaper than Americans due to not having to pay Social Security taxes
Laws of Supply and Demand. Limitless supply and Taxpaying, homeowner, family based engineers find themselves out of work at every layoff
Then Political idiots wonder why STEM (which is hard, anyway) graduates fewer degrees than before. It’s not rocket science; that’s what I do, and trust me, this is not even close to rocket science. It’s frickin obvious
Where is Captain Obvious when we need him? I went on to get an MBA, specialty in labor economics and I learned in freshman Econ 101 that increased supply, all other factors being equal, will bid down the price. It ain’t rocket science.
No kidding. Did you know the sun will rise tomorrow..
I don’t know how many hundreds of times I’ve said this. And it’s not just immigration. It’s population growth in general.
Of course it does. It’s why elites love the influx of illegals and burdening the middle-class with their cost.
Color me surprised by this finding.
Immigration makes people, companies and politicians who make money off Immigration richer.
Immigration also kills people.
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