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October 24, 2012
 
 

If Workers Overseas Compete for Jobs, Why Would They Stop After Moving Here?


"Many of the bedrock assumptions of American culture -- about work, progress, fairness and optimism -- are being shaken as successive generations worry about the prospect of declining living standards. No question, perhaps, is more central to the country's global standing than whether the economy will perform better on that score in the future than it has in the recent past," says the New York Times.

"Take immigration, especially illegal immigration. Whatever other problems it may cause, evidence suggests that it has not played a significant role in the income slump. It may have caused a slight decline in the wages of native-born workers without a high school diploma (and maybe not even that). But most illegal immigrants lack the skills to compete with the bulk of native workers," says David Leonhardt.

"One of the more striking recent developments in economics has been economists' growing acceptance of the idea that globalization has held down pay for a large swath of workers. The public has long accepted the idea, but economists resisted it, pointing to the long-term benefits of trade."

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