Monday, March 06, 2017

Immigration Drives Down Wages

First it was Bloomberg admitting immigration drives up home prices. Now WaPo tells us immigration drives down blue collar wages. Discussion increased deportations to Mexico:
More returnees means lower wages for everybody in blue-collar industries such as construction and automobile manufacturing, where competition for jobs is likely to increase, economists say.
But it turns out in the long-run, deporting Mexicans back to their home nation will Make Mexico Great:
“We suffered a cost as a nation by sending those hard workers to the U.S., in the sense that we lost a lot of talent,” de la Calle said. “When they come back to Mexico and they are properly trained, they will make more than a proportional contribution to Mexico.”

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