Impact of Migration on Productivity and National Wealth
Corporate and government addiction to migration is damaging productivity and national wealth, economists warn. Low-skilled imported labor leads to weaker productivity growth. Investments in technology over cheap labor can increase productivity and reduce costs. Migration skews the economy by reducing average wages and worker productivity. Migration policies benefit real-estate and retail investors but impose a debt on future generations. Pro-migration laws are driven by ideological and careerist demands. Extraction Migration policy harms native-born Americans and migrants alike.
Key Points
- Investing in high-tech gear can boost agriculture productivity.
- Increased migration can lead to lower average real wages and reduced worker productivity.
- Extraction Migration policy harms native-born Americans and migrants by reducing wages, boosting rents, and spiking real estate prices.
Pros
- Investments in technology can increase productivity and reduce costs.
- Migration policies benefit real-estate and retail investors by spiking housing values and importing more consumers.
Cons
- Reliance on low-skilled imported labor can lead to weaker productivity growth.
- Migration skews the economy by reducing average wages and worker productivity.