Immigration is another form of wealth redistribution, according to Harvard University economist George Borjas.
Instead of government’s traditional approach to funnel money to lower income households, however, immigration causes wealth to be redistributed from the existing workforce — residents competing with new immigrants — to employers that hire those new immigrants, Borjas argued Wednesday before the Senate Subcommittee on Immigration and the National Interest.
“If we look at the impact of immigration over the last few decades in the U.S., one rough rule of thumb that comes out is that when you increase supply of workers in a particular group by around 10 percent, the wage of that group will go down by three percent, which is not a trivial number but it’s not a huge number either,” he said.
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