" A recent study by Harvard economist George J. Borjas, probably the nation's leading authority on the economics of immigration, concluded that from 1980 to 2000 immigration reduced the average annual earnings of native-born men by $1,700, or nearly 4 percent. For the poorest tenth of the work force the reduction was much larger, 7.4 percent, traceable to Mexican immigration. Native-born African-Americans and Hispanics were also hard-hit, being in direct competition with immigrant workers. Mr. Borjas found even college graduates had their earnings lowered by an estimated 3.6 percent. "
". . . for almost a century the basic principles on which this civilization was built have been falling into increasing disregard and oblivion." -- Hayek
Friday, March 24, 2006
Immigration economics
Alfred Tella:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment