maxparrish
Veteran Member
- Joined
- Aug 30, 2005
- Messages
- 2,262
- Location
- SF Bay Area
- Basic Beliefs
- Libertarian-Conservative, Agnostic.
Will the present inhabitants do worse though? Sure each immigrant increases the supply of labour, so bidding down the price of labour, but they also bring with a demand for other people's labour, thus bidding the price of labour back up. is there any reason the former effect should be more powerful than the latter?Depends on your priorities and who and what you treasure I suppose. If you put your countrymen first, then I can see the argument against immigratino. If you count those poor starving Africans and South Americans as equals, then bringing them here isn't such a bad idea. They will do a little better here. Sure, the wealthy and even the not so wealthy folks here will suffer for it, but if you don't put them as your priority.... ya... it is a matter of perspective.
First, contrary to Jolly's comments, the economic benefits and costs to unrestricted low and no skill immigration is as follows:
Benefits to immigrants.
Benefits to employers of immigrants.
Costs to low skilled unemployed and employed residents.
The overall all effect on the economy is almost negligible. The immigrants gain substantial benefits. The employers of immigrants (and to a much smaller extent users of their services) gain about 400 billion. However domestic workers lose 400 billion in income per year, estimated to be about 5 percent per year is wage reduction... (this analysis does not include the effects of dumping 5 million legit workers on the market, as Obama will/has done).
So, for example, after Obama grants legalization to 5 million low skilled illegals, they will flood the open market to compete with jobs for Americans and legal residents. Given their skill level and legalization, expect the 5,000,000 to displace and drive down the already low wages for a huge number of current truck drivers, factory workers, construction workers, and service industry workers. Those who do not displace them, will join the ranks of newly displaced on welfare, housing, food stamp, and medicaid - waiting for their government check.
In an economy that is barely within the range of 'full employment' (6 percent), and which has an absurdly high real unemployment rate of 12.6 percent, dumping 5 more million 'legit' low skilled and very low skilled immigrants into the economy is about destructive for Americans as it comes. It Obama's goal is to keep Americans unemployed, drive down wages, increase the size of the underclass, and make business owners happy he has done a bang up job.
And if it is to attract 10s of millions more to drive down wages further, and create a huge underclass, he can pat himself on the back. Its the perfect anti-American worker policy. And its perfect for making life more difficult for the Chicago neighborhoods he once represented as a "community organizer" and church goer.
Obama, a President of non-America.