Last login: Tuesday, April 16, 2013
Look up a report by Professor George Borjas, Harvard. He calculates that the wages of native-born workers in competition with immigrants (legal and illegal) are reduced by $402 billion per year. The reduction in wages is offset by an increase in profits or wages of those who use immigrant labor of $437 billion. The resulting negligible "immigration surplus" represents two tenths of one percent of GDP. The profits of 437 billion go to the 1%, who have spent 1.5 billion lobbying for increased immigration.
April 16, 2013 at 3:41 p.m.
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