Foreign labor: for US, too much of a good thing?
From: Johnny 5 (johnny5_at_yahoo.com)
Date: 07/24/04
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Date: Sat, 24 Jul 2004 13:32:25 GMT
http://www.csmonitor.com/2004/0722/p13s02-usec.html
Too many damn dumb MEXICANS!!
James Smith, chair of that study and an economist with RAND Corp., in
Santa Monica, Calif., agrees that immigration pushes income up the
ladder. But he holds that the positive gain from reduced costs for the
goods and services of immigrant labor still exceeds negative costs. "Some
people lose, some people gain," he says.
A more recent Columbia University study pegs the net cost of immigration
at $52 billion a year, or about half of 1 percent of gross domestic
product, the nation's total output of goods and services.
"Generally, people don't want to hear these results," says David
Weinstein, economist and coauthor with Donald Davis of the Columbia
study. "They want to hear why immigration is good for America. We get a
big number [for costs]. That makes it politically charged."
-- Government policy in interest rates, and on finance generally, has been marked by vacillation, wishful thinking, electoral expediency of the most shameful type towards the end of last year, contortions and contradictions, all to accommodate the redneck economics of the National Country Party. (Harsard Aug.27 1981)
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