Some time ago, I wrote a piece (Do Illegal Immigrants Hurt the Economy?) arguing that immigration is not a net drag on the economy–that immigrants do not, in the long term, “steal jobs and depress wages”, as the myth often goes. Unfortunately, some readers took this to mean I was advocating illegal immigration. In fact, [...]
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The latest installment of Lou Dobbs Tonight saw a longwinded panel on energy, with all the customary clichés at the forefront of the discussion. The group’s explanations for rising prices in the energy market ranged from the president’s environmentalist agenda to evil speculators rigging the market. There is much truth to the first claim—while the [...]
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While the singular focus of politicians and voters alike seems to be on jobs, one issue that should not be lost on either group is the growing problem of the US debt. One only needs to look across the Atlantic Ocean to the unfolding events in Europe over the last several months to be convinced of the severity [...]
Continue Reading →It is often said that illegal immigrants steal jobs and depress wages. This statement is at least partially true: illegal immigrants do often work for less than their American counterparts, and this does result in some natives losing jobs to immigrant labor. However, the story doesn’t end there. When an employer spends less for the [...]
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When demand goes up, prices go up. Rising prices send the signal to producers that more supply is needed. In order to maximize profits, producers direct their supply to markets in which prices are highest. With more supply in the market, prices come back down and consumers’ needs are satisfied. The economic realities described above [...]
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Appearing last night on Freedom Watch with Judge Andrew Napolitano, radio talk show host Nancy Skinner asked how cutting government spending can create jobs. Clearly pleased with herself, Ms. Skinner went on to observe that Tea Partiers and other small government types had yet to answer the question. On that point, she may be correct, [...]
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