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September 30, 2009 – Comments (3)
This is as good a lesson as you will see on immigration. Population is a fundamental variable in economics. It is important to understand it, as the inflation or deflation debate continues. I am 100% certain some things are going to go up in price as the populations continue to climb.
Good find, abitare.
http://www.numbersusa.com/content/resources/video/recommended/immigration-gumballs.html
There is a disturbing racist undertone - until 1965 only white people were admitted as immigrants. The 1965 Walter McCarran act changed that, and changed America. The problem is not the number of immigrants, but that most Americans are unwilling to compete with them in the workplace. Unless immigrants get welfare checks, and most don't, they work much harder, and so they basically outcompete many of the native born. Ask yourself who's hiring the immigrants? and why? I doubt most of the world class science and engineering depts in US universities would be world class without their foreign born faculty. And forget about Silicon Valley surviving without the Indian and Chinese born engineers. Immigration is a complex issue, and our political class has never addressed the pros and cons openly and honestly. Beware simplistic solutions.
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