Posted on 02/28/2020 6:10:45 PM PST by NobleFree
The supply of extra workers does not have much effect on wages, so the government should import more workers to grow the economy, says a February 27 New York Times article titled “Why a Top Trump Aide Said ‘We Are Desperate’ for More Immigrants.”
“Proponents of restraining immigration, particularly among low-skill workers, often argue that newcomers can supplant American workers or depress their wages, even if they help the economy as a whole … But the evidence supporting that argument is limited,” said the article.
The newspaper’s claim that the law of supply and demand does not impact Americans’ wages is undermined by the reality of rising blue-collar wages amid President Donald Trump’s lower-immigration policies. A February 4 report in the New York Times said:
Unemployment sank to 3.5 percent in December, down from 4.7 percent when Mr. Trump took office. Workers’ wages are growing, particularly for those in the jobs that pay the least, like retail clerks and restaurant workers.
The Times‘ February 27 article by Jeanna Smialek and Zolan Kanno-Youngs downplays the rising wages and showcases the demands for more immigration by business groups:
Economists at Moody’s Analytics have estimated that if immigration consistently dropped to 500,000 a year and stayed there — down from previously normal levels of around one million a year — the nation’s total gross domestic product would be about $700 billion smaller by 2030.
Moody’s predicted the economy would grow to $24.7 trillion in 2030, so a $700 billion cut would amount to a claimed loss of 2.8 percent for the economy. But less immigration means a smaller population, likely ensuring that employees would get a larger share of the slightly-smaller pie. […]
(Excerpt) Read more at breitbart.com ...
I thought most of the immigrants to the European countries are on welfare....don’t work, eh?
Dear NYTimes: ESAD.
Ditto: e.s.a.d.
Are any of these proposed “workers” [assuming that calling them “workers” doesn’t mean commie cadres] actual journalists that could fundamentally transform The Slimes into an actual Journal of News?
My friends I have no problem with that. Just no welfare or government assistance.
What they really mean is import more future democrat party voters and welfare state clients.
Also if it drives down wages for Americans or makes it harder for them to find jobs, well that is a feature not a bug.
Let's import boatloads of journalists into New York City and see if this article writer changes his tune.
Cheap Labor Express Redux
They’re cutting into the Wall Street Journal’s lane.
Ask Merkel of Germany how happy she is about letting a flood of foreign workers into her country. Same for the Sweds.
"Gross domestic product growth comes from two basic ingredients: population and productivity gains. To produce more goods and services, businesses need either more workers or better efficiency.Productivity improvement has been weak in America over the past decade. While some economists hope that will change as companies embrace nascent technologies in robotics and machine learning, others believe that most economy-altering innovations may be behind us — think cars, washing machines and refrigerators. Future gains could be consistently mediocre.
If that’s the case, the United States’ economic fate will hinge on population growth.
Work force expansion will almost certainly not come naturally. Fertility has dropped since the baby boom of the late 1940s to mid-1960s, and has plunged recently. The expected number of births per woman in America has dropped to just 1.73, based on data from the National Vital Statistics System. That is nowhere near the rate the population would need to replace itself — a little more than two births per woman."
WE need more helicopter pilots.
Evidence that cheap labor undercuts American’s wages is “limited”?
utter BS.
So the average immigrant produces $140k in GDP?
Who's going to buy them, when American's wages are depressed by foreign labor?
No. Go through the process and become citizen. Be fully vetted. If you are Muslim somehow convince people that your taqiyya is not lying.
How can they promote Mexican Beer Viruspanic and at the same time say we need to import more aliens?
A Wuflu depression will necessitate a repatriation of all illegals.
It doesn't matter. If you don't have a growing workforce (population) the growth rate of the economy is limited to the rate of productivity increase. It's just math.
Who's going to buy them, when American's wages are depressed by foreign labor?
It doesn't matter.
Wow, so unbought goods piling up in warehouses means a growing economy? Who knew?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.