Reader comment on: Bernie Sanders and City Journal on Immigration
Submitted by paul kramer (United States), Jul 28, 2015 17:43
so you think it helps poor black workers to let in immigrant competition ? sanders may be a socialist but he understands basic capailist econ.
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The Future of Capitalism replies:
There's some peer-reviewed economic research that shows a modest wage-depressing effect on low-skill workers regardless of race. But it's a global economy, so low-skill workers are essentially competing with the foreign workers anyway. And the additional domestic labor supply is offset by the fact that these same immigrants are also consumers and job-creators. In other words, the immigrants are also shopping at Walmart (or founding companies like Google).
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