US prosperity is better measured by real GDP per capita than total real GDP. An influx of lower paid and lower productivity migrant workers will decrease output and US prosperity per person when compared to the workers and capital investment they are crowding out. US prosperity is lowered not increased.[Blog title corrected to replace Capital with Capita.]
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Friday, February 16, 2024
Lower Productivity Migrant Workers Lowers Per Capita GDP And US Prosperity: My Posted Comment To WSJ Article, "Immigration Wave Delivers Economic Windfall"
Posted By Milton Recht
My posted comment to The Wall Street Journal article, "Immigration Wave Delivers Economic Windfall. But There’s a Catch. Recent migrants are expected to be lower paid and less productive than predecessors" by Paul Kiernan:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment