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Re: Immigration causes wages to go down....
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hp...@lycos.com
Dec 9, 2008, 7:05:10 PM12/9/08
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On Dec 9, 12:58 pm, Stray Dog <sdog2...@sdf.lonestar.org> wrote:
> Immigration causes paychecks to get smaller
> Tuesday, April 18, 2006, Wall Street Journal,
> Editorial page (p. A18).
> title: "For a Few Dollars Less" by George
> J. Borjas (the Robert W.Scrivner
> Professor of Economics and Social Policy at the Kennedy School Government at
> Harvard).
>
> Quotes and comments:
>
> First paragraph:
> "What happens when immigrants enter the labor market? The 1954 edition of
> Paul Samuelson's influential introductory economics textbook gives the
> common-sense answer:'By keeping labor supply down, immigration policy tends
> to keep wages high'." "Despite the intuition behind Mr. Samuelson's
> conclusion, economists have found it surprisingly difficult to document
> that immigration does, in fact, lower the wage of competing workers." And,
> he goes on to talk about this for several paragraphs. Then, presents his own
> work (with Lawrence Katz, and cited as a 2005 NBER working paper), that he
> has no difficulty at all finding that the immigrant flux
> really does diminish wages.
>
> The last paragraph in his piece is:
>
> "National wage trends confirm the common-sense notion that immigration has
> labor market consequences: A larger pool of competing workers lowers
> relative wages. This does _not_ imply that immigration is a net loss for the
> economy. After all, the wage losses suffered by workers show up as higher
> profits to employers and, eventually, as lower prices to consumers.
> Immigration is just another redistribution program. In the short run, it
> transfers wealth from one group (workers) to another (employers). Whether or
> not such transfers are desirable is one of the central questions in the
> immigration debate."
> Immigration causes paychecks to get smaller
> Tuesday, April 18, 2006, Wall Street Journal,
> Editorial page (p. A18).
> title: "For a Few Dollars Less" by George
> J. Borjas (the Robert W.Scrivner
> Professor of Economics and Social Policy at the Kennedy School Government at
> Harvard).
>
> Quotes and comments:
>
> First paragraph:
> "What happens when immigrants enter the labor market? The 1954 edition of
> Paul Samuelson's influential introductory economics textbook gives the
> common-sense answer:'By keeping labor supply down, immigration policy tends
> to keep wages high'." "Despite the intuition behind Mr. Samuelson's
> conclusion, economists have found it surprisingly difficult to document
> that immigration does, in fact, lower the wage of competing workers." And,
> he goes on to talk about this for several paragraphs. Then, presents his own
> work (with Lawrence Katz, and cited as a 2005 NBER working paper), that he
> has no difficulty at all finding that the immigrant flux
> really does diminish wages.
>
> The last paragraph in his piece is:
>
> "National wage trends confirm the common-sense notion that immigration has
> labor market consequences: A larger pool of competing workers lowers
> relative wages. This does _not_ imply that immigration is a net loss for the
> economy. After all, the wage losses suffered by workers show up as higher
> profits to employers and, eventually, as lower prices to consumers.
> Immigration is just another redistribution program. In the short run, it
> transfers wealth from one group (workers) to another (employers). Whether or
> not such transfers are desirable is one of the central questions in the
> immigration debate."
And this article is about legal workers! What about the 20 million
illegals who are
depressing wages, bankrupting social services, corroding town after
town?
mitch
http://www.numbersusa.com/ Numbers USA
James
Dec 10, 2008, 9:22:27 AM12/10/08
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>
> - Show quoted text -
It's unions that make wages go down. Look at the auto industry The
unions have the big 3 by the balls so people buy better imports. No
body can afford union made stuff, sales drop, every body gets laid
off, unemployed losing their homes will work for cheap wages.
lorad
Dec 10, 2008, 10:08:32 AM12/10/08
to
Geez... You are clueless.
How often did your momma drop you on your head?
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