Impact of Migration and Free Trade on Ordinary People

SOURCE www.breitbart.com
Nobel Prize-winning economist Angus Deaton has changed his stance on migration and free trade, highlighting the negative impact on ordinary people. He now believes that these policies contribute to inequality and harm working Americans. Deaton criticizes fellow economists for prioritizing economic efficiency over fairness and civic stability.

Key Points

  • Inequality rose post-Hart-Celler Act of 1965
  • Deaton's 'Deaths of Despair' concept highlights early deaths among Americans
  • Criticism of fellow economists prioritizing economic efficiency over social justice
  • Recognition of gains for ordinary Americans when migration is curbed

Pros

  • Recognition of the negative impact of migration and free trade on ordinary people
  • Acknowledgment of increased inequality and harm to working Americans
  • Promotion of fairness and civic stability over economic efficiency

Cons

  • Potential resistance from investors and proponents of current immigration policies