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Felix Salmon

The Economics of Immigration

Wednesday, January 04, 2012 - 03:13

It has been proven that immigration, in most cases, stimulates economies and provides increased wages and higher employment rates for the native population. Reuters blogger Felix Salmon examines the economic impact that immigration has on America, and more importantly, the world.

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So today's topic of immigration and how we can manage to get a whole bunch of fabulously skilled. People who have the -- to comment and you lose a -- for you to -- -- -- would possible all of us. What do you think economics of immigration we have -- of political knowing -- around the subject Americans feel that they are losing. -- country and they feel violated by millions and -- Americans it's. Entirely natural to be suspicious of new people coming in and joining you communicate your economy but economically speaking. That's irrational because immigration is an amazing things -- and the economy it doesn't really -- whether it's legal or illegal immigration. What matters is you have. Hard working still people coming in and -- the economy the most valuable immigrants that we can find the ones you've been faster than looks behind human capital of money into that. -- what that means is skilled immigration and -- now because of the way that the immigration laws work we generally you can see mostly in this country both legal and illegal. It's less -- From an economic point of view we should really be trying to maximize integration awards won't we should try to be making as much of it legal but we possibly can because it's. Illegal immigrants and much less economically productive than legal immigrants feel so have many fewer rights and they cause more social unrest. And if you just make some legal then useful a whole host of problems at a strip. Because of that you moved. Evidence whatsoever that increased amounts of immigration whether it be legal or illegal has been negative effect on unemployment benefits. Unemployment goes down. There's also this fallacy that every time an immigrant gets the job that was a joke which would otherwise have gone to an American and therefore there's one. Less employed Americans. As they say it's normally the case immigrants create throat rather than. Reduce the Americans they employ people what we want to remember his growth. Immigration and employment is only a zero sum game. If you have a situation of zero growth where the total number of field remains constant and we -- in this situation they're in a vibrant capitalist economy where jobs are being created and destroyed every day and the most important thing we can do is try to. Create as many of disposable and destroy if you took this possible in the best way to do that is to bring in the kind of people who. Add value to companies and to create value in the economy's ability to grow and create much. It's let's make it legal let's encourage it as much of it as possible with this nation of immigrants were very proud of the statute that would you give us who have. -- unless all of that -- that. Really embrace that sentiment going forward and trying. -- did you economy. Reflexive.

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The Economics of Immigration

Wednesday, January 04, 2012 - 03:13