The Economist: Immigration to America is down. Wages are up - www.economist.com

Excerpts from article:

...In the past year the wages of those without a high-school diploma have risen by nearly 10%. Intriguingly, this has come as America has turned considerably less friendly to immigrants, who are assumed by many to steal jobs from natives and lower the wages of less-educated folk.

...Ambitious increases in state-level minimum wages in recent years have boosted the wages of the lowest earners.

...Nominal wages are rising not just in America but across rich countries-even though the foreign-born population in many of them continues to grow rapidly.

...Average wages in those occupations are rising considerably faster than wages in other low-paid jobs, according to calculations by The Economist.

...The Trump administration's immigration restrictionism may achieve a temporary boost in wages of the low-paid now, but at a cost to the country's future prosperity.

Submitted 1527 days ago


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