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Greg Siskind on Immigration Law and Policy

FED: IMMIGRANTS NET PLUS FOR ECONOMY, WORKERS

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The Federal Reserve Bank of San Francisco has released a report showing immigration helps boost overall wages for US workers and improves worker productivity. From Bloomberg:



"There is no evidence that immigrants crowd out U.S.-born workers in either the short or long run," Giovanni Peri, an associate professor at the University of California-Davis and a visiting scholar at the San Francisco Fed, said in the paper released today. "Data show that, on net, immigrants expand the U.S. economy's productive capacity, stimulate investment, and promote specialization that in the long run boosts productivity."

Immigrants, who tend to be less educated and lack English- language skills, allow U.S.-born workers with similar levels of education to shift toward more communications-intensive jobs, which generally pay better, Peri said. Also, a growing workforce prompts companies to expand and upgrade equipment, making the economy more productive, he said.

An inflow of immigrants equal to 1 percent of the increase in employment helps boost overall incomes by 0.6 percent to 0.9 percent, according to Peri's research. That means that immigration pushed wages up by $5,100 on average from 1990 to 2007 after adjusting for inflation, accounting for 20 percent to 25 percent of the gain during those years, he said.

The paper comes as U.S. hiring shows signs of cooling. A Labor Department report on Sept. 3 may show that private payroll rose by 47,000 this month after a 71,000 gain in July, and the unemployment rate rose to 9.6 percent, according to the median forecast of economists surveyed by Bloomberg News.


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Comments

  1. George Chell's Avatar
    You can take the horse to the water but you cannot make it drink!
  2. My 2 cents's Avatar
    What's the point of all these reports & studies? Why not have a study to figure out how much money the immigrants are holding on to or sending to their bank accounts in their home countries? The whole point is provide the stability & certainty and the money would come right away into the US economy by big ticket item spending, investments, real estate buying, cars etc. These are some of avenues where the money would go thereby stimulating the economy & creating jobs.
  3. Legal and no longer waiting's Avatar
    "What's the point of all these reports & studies? Why not have a study to figure out how much money the immigrants are holding on to or sending to their bank accounts in their home countries?"

    Because from economic stand point, economic activity of the immigrants (what they prodice and what they consume) is more important. Money sent to foreign accounts are also positive economically for the US as they help offset negative trade balace and positive current account balance of the US.
  4. Another Voice's Avatar
    I think resident anti Jack may be interested in some of these findings....
  5. George Chell's Avatar
    "I think resident anti Jack may be interested in some of these findings...."

    He will probably dispute the study!

  6. KR's Avatar
    Prof Giovanni Peri needs to drop into his college colleague Prof Matloff's office and give some reports
  7. George Chell's Avatar
    "Prof Giovanni Peri needs to drop into his college colleague Prof Matloff's office and give some reports."

    Professor Peri is now visiting Boccini University in Italy and will not be back until next academic year. Professor Matloff has no qualifications in economics and every time he talks economics he sounds like a quack far worse than Professor Niall Ferguson who is also one (he has a PhD in Business history but claims to be an economist).
  8. Adi's Avatar
    http://www.washingtonpost.com/wp-dyn/content/article/2010/08/31/AR2010083105329.html

    Ok Gallup predicts republican takeover in Nov. What does this mean for legal/illegal immigration bills? Will all bills dead or any bill has a chance under this hypothetical scenario?
  9. George Chell's Avatar
    "Ok Gallup predicts republican takeover in Nov. What does this mean for legal/illegal immigration bills? Will all bills dead or any bill has a chance under this hypothetical scenario?"

    The GOP takeover is a foregone conclusion from back in January. As far as immigration is concerned, pretty much status quo.
  10. beppe's Avatar
    no chance for any bill in the short and long future, the only hope is the USCIS internal memo.
    Compliments to Pelosi and Obama, they did the incredible job in 2 years to put the repubblican back in power
  11. George Chell's Avatar
    Illegal Immigration study

    http://news.yahoo.com/s/ap/us_illegal_immigration

    "The findings come amid bitter debate over Arizona's strict new immigration law, which was passed earlier this year but is on hold for now as it is challenged in federal court."

    Legal immigrants, naturalized citizens as well as visible minorities who are considerede "foreign"..be very thankful that the bitter debate is on illegal aliens, unlike Australia, where they are harrassing foreign students and Asian immigrants for one main reason...there are no illegal immigrants...

    http://www.timeshighereducation.co.uk/story.asp?sectioncode=26&storycode=413247&c=1

    ""Every so often - every decade to 15 years - there is a backlash from the community and government responds to it. It last happened in the mid-1990s," he said.

    "A lot of people are unhappy with the level of Asian migration and the government is responding.""

    Many whites in Australia want Asian money but dont want Asians around...this is my experience in Australia as well back in 2007 when I stayed there for about three months and they are pretty open about it too, particularly the women! Since I was from the US, they assumed I had the biases. However, I also bet that folks like Sessions and DeMint will go after foreign students and Asian migrants, including Asians buying up property in the west coast if they had energy left after demagoging illegal aliens. Without illegal aliens we will be another Australia with attacks on visible legal immigrants such as Asians and yes legal Hispanic migrants as well!

  12. Another Voice's Avatar
    The dems would have had a better chance this November had Obama kept his promise... he could count on the Latino vote to come out and support him countering the republicans. The dems were their own worst enemy, they got no recognition for what they have done, still did not do CIR and now they will not get the reward when it comes to the votes...
  13. USC's Avatar
    Pros & Antis:

    You are being hasty in assuming that the Cans are going to assume control of the House and/or the Senate. Elections are decided not by polls but by voters. It is unfortunate but the Cans use polls as a tool to demoralize their opponents. Polling by Rasmussen is a good example of this strategy at work.

    Much is being made of the Generic Congressional poll by Gallup on August 29 showing the Cans ahead by 10 points, however, the Newsweek poll on August 27 showed a tie on the same question.See below:

    http://www.realclearpolitics.com/epolls/latest_polls/elections/

    With two months to go, the odds are still that the Rats will retain the House and perhaps with Alaska now in play they might even pick-up a seat in the Senate. If I am wrong some of the forum Cans/Antis will delight in pointing out that I have egg on my face but I delight in taking that chance.
  14. Adi's Avatar
    http://www.nytimes.com/2010/09/02/us/02immig.html?_r=1&hp

    Number of Illegal Immigrants in U.S. Fell, Study Says
  15. Badari's Avatar
    Greg you may have already noticed it, but here is the link just in case.

    http://www.nytimes.com/2010/09/01/opinion/01wed2.html?ref=opinion

    NYT published an editorial based on Nina Bernsteins story
  16. Another Voice's Avatar
    "It is unfortunate but the Cans use polls as a tool to demoralize their opponents. Polling by Rasmussen is a good example of this strategy at work."

    True, true... but main street media is running with this tool like there is no tomorrow, all the political shows keep repeating that stuff on both sides of the isle, almost ensuring that the strategy will work for the cans.
  17. George Chell's Avatar
    "True, true... but main street media is running with this tool like there is no tomorrow, all the political shows keep repeating that stuff on both sides of the isle, almost ensuring that the strategy will work for the cans."

    If the clowns at PPP instead of keeping up with Rasmussen waste their precious resources polling for 2012 and not poll the Wisconsin Senate and other races, why blame Rasmussen? Rasmussen has his priorities right. No 2012 polling until 2010 is completed.

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