The Economist is intrigued by … economics

Immigration to America is down. Wages are up. Are the two related?


In both 2018 and 2019 nominal wages rose by more than 3%, the fastest growth since before the recession a decade ago. Americans at the bottom of the labour market are doing especially well. In the past year the wages of those without a high-school diploma have risen by nearly 10%. Intriguingly, this has come as America has turned considerably less friendly to immigrants, who are assumed by many to steal jobs from natives and lower the wages of less-educated folk. The two phenomena may be connected …

 
Via Ace. Donald Trump talked about a “blue collar boom” in the State of the Union. He wasn’t whistling Dixie.

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17 Responses to The Economist is intrigued by … economics

  1. Yeah but don’t you know Kates you fake conservative, that Trump something something unintelligible something and what’s more, something else and something more yada yada yada.

    signed, the only real conservative in the Universe
    IAmShitEater

    (no need for you to post any comments IAmFuckwit, I did it for you, word for word)

  2. Bela Bartok

    Gee that Obama character was pretty smart getting this right way back in 2009!

  3. mem

    Related yes. But only in so far as that is what Trump promised to do.

  4. Bruce of Newcastle

    The Economist is intrigued by … economics

    That’s unusual. They’re usually more intrigued by Marxism and climate rubbish.

    Gave up my subscription a decade ago. It’s amazing that a free markets economics magazine should so enthusiastically embrace crazy communista fads, but that’s the age we now live in.

  5. John Brumble

    Iampeter isn’t pretending to be a conservative, he’s pretending to be a cartoon version of a Randroid.

  6. Tel

    Suppose I’m a rich dude in the USA who hires an immigrant house cleaner, paying cash (but not much cash) because she quietly admitted she does not have a Social Security number. Now Trump might take my cleaner away and deport her, and for argument’s sake suppose I end up hiring a proper cleaning service at a significantly more expensive rate.

    The BLS does not see the cash under the table wages because no one reported that. They so see the wages that the cleaning service pays which are all above board … new jobs!! Better wages!

    Won’t somebody think of those rich dudes who are now significantly poorer having to fork over a bunch of extra money to get their cleaning done? See, that’s the thing about aggregate statistics … they don’t tell you the story of what’s going on.

  7. JC

    It’s the sheilas (again) in Cronkite’s vid who are outrageously outraged and the most woke.

  8. Squirrel

    ‘The Economist” (which one, we ask) is in good company – it’s intriguing (to put it politely) that there are people who describe themselves as “economists” who apparently believe that the laws of supply and demand don’t apply to the labour market – which is why we hear so much bulldust about a high rate of immigration being crucial to national economic “growth” – by which, of course, they mean debt-funded bloat.

    Today’s detail-lite play by Albanese for grey votes will be an entertaining exercise (for Labor and its media cheer squad) in pretending that the Left’s open-border globalism is not a crucial enabler of ageism in the labour market.

  9. Entropy

    Those net immigration numbers CL just missed are intriguing too

    Net migration to America (ie, the difference between people arriving and people leaving the country) fell to 595,000 in 2019, the lowest in over a decade. This is a profound shift in a country which has often prided itself on its openness to outsiders.

    What’s our immigration rate in comparison, given we have one thirteenth the population?
    To give you an idea, the yanks would net to have a net migration figure of 3.3 million to be proportionate with Australia. Intriguing indeed. Bloody ponzi scheme.

  10. Entropy

    Ours is about 250,000 as I recall.

  11. Nob

    Economist aka Guardian weekly.

  12. Iampeter

    Immigration to America is down. Wages are up. Are the two related?

    Don’t think anyone who knows anything about economics would even ask such a nonsensical question.

    Donald Trump talked about a “blue collar boom” in the State of the Union. He wasn’t whistling Dixie.

    Yea, he’s a democrat, making democrat promises and today’s conservatives are celebrating this.

    This is the sort of thing that should be criticized on what’s meant to be a right wing blog.

  13. Fair Shake of the Sauce Bottle

    Climate caused it, climate causes everything (sarc)

  14. Elderly White Man From Skipton

    Julian Assange’s lawyers dropped a bombshell on a London court, saying they have evidence President Donald Trump was prepared to offer the wanted WikiLeaks founder a pardon if he stated Russia wasn’t behind the leaks of Democratic National Committee emails during the 2016 presidential campaign.

  15. Lee

    Yea, he’s a democrat, making democrat promises and today’s conservatives are celebrating this.

    Yes, Donald Trump is a Democrat, which is why the Democrats have been trying to get him out of office one way or the other, for more than three years.

    As Tim would say, you know it all makes perfect sense!

    Do you really believe the moronic, schoolyard-level of politics you spout?

  16. Iampeter

    Yes, Donald Trump is a Democrat, which is why the Democrats have been trying to get him out of office one way or the other, for more than three years.

    Yea because democrats totally don’t all hate each other.

    Do you really believe the moronic, schoolyard-level of politics you spout?

    That’s basically what I’m asking you clueless children.

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