“Does Illegal Immigration Explain The Disconnect Between Jobs And Wages?” is the title of an article posted Tuesday by John Hinderaker at Powerline. He writes: “After seven years of ‘recovery,’ the jobs picture is finally beginning to brighten a bit…. But economists are puzzled: if hiring is picking up, why are wages and GDP stagnant, or even shrinking? At ZeroHedge, the pseudonymous Tyler Durden proposes an answer. It begins with the fact that nearly all job gains have gone to immigrants:”
Durden writes: …”since the start of the Second Great Depression, the US has added 2.3 million ‘foreign-born’ workers, offset by just 727K ‘native-born’. This means that the ‘recovery’ has almost entirely benefited foreign-born workers, to the tune of 3 to 1 relative to native-born Americans!” Durden goes on to explain that mass importation of foreign workers may be “…the surprise answer why America’s labor productivity… has plummeted in recent years…”
Hinderaker adds: “I don’t think there is any doubt that the fact that nearly all net new jobs are going to immigrants, legal and illegal, is part of the explanation for low wage growth.”
Posted 6/10/15 by Andrew Lewis