Business and government “addiction” to migration is undermining the productivity that boosts personal incomes and national wealth, economists cited in a report on Monday. wall street journal.
“Increased reliance on low-skilled imported labor could lead to slower productivity growth, which ultimately determines how fast the economy can expand,” the paper said. Ta. I have written March 4th.
The article cited two Wisconsin dairy farmers. Some farmers prefer the cheap labor provided by the government’s unofficial immigration program. However, the second farmer invested in robotic milking equipment.
Onan Whitcomb spent $800,000 on four Dutch-made milking robots. Milk production per cow has increased by 30%, and the incidence of mastitis, an inflammatory disease, has fallen by 80%, reducing spending on antibiotics, he says. Whitcomb said his investment paid for itself in his seven years, as he was able to eliminate 2.5 jobs.
“We went from milking 300 cows to 240 and still producing more milk,” Whitcomb said. “That’s hard to beat.”
Many dairy industries pay illegal immigrant workers Very little and require them to live in poor conditions.
of new york times pointed out in November that immigration shortages require local employers to improve employee productivity with the help of additional training, planning and machinery.
[Central Vermont Medical Center] has partnered with two local universities on a program that allows hospital workers to train as nurses while working full-time…Lake Champlain Chocolates, a luxury chocolate maker outside Burlington, seeks to reduce its reliance on seasonal support We revised our production schedule…New equipment [at Cabot Creamery] Automatically wrap sliced cheese.
Canada, just north of Vermont, is taking in too many low-skilled workers, which is hurting national productivity, said Mikal Skuterud, an economist at the University of Waterloo in Ontario. Told. wall street journal newspaper. As a result, per capita production has decreased since 2018, Skuterud added.
If the Canadian government wants to increase productivity, it should accept labor shortages. Beata Carancisaid the chief economist of Canada’s TD Bank Group at an event held in December 2023 with Canada’s top bank economists. “We incorporated what we thought was good. [high immigration] And I thought, “If that’s a good thing, then it’s even better. And now we’re realizing that it’s not.”
of wall street journal The article cites data from the OECD, which shows that agricultural productivity is growing in countries with few immigrants, but in countries with many immigrants, where farmers prefer cheap labor through hiring and firing over continued investment in high-tech equipment. This shows that it is leveling off.
of wall street journal The article’s headline reads, “Rich countries are becoming addicted to cheap labor: As labor shortages persist, companies increasingly rely on immigrant workers, but economists warn of long-term dangers.” are doing”.
This article is supported by a Feb. 7 report from the nonpartisan Congressional Budget Office, which provides economic analysis to lawmakers. The office projects that President Joe Biden’s immigration and labor bubble will reduce productivity growth to just 1.2% from 2024 to 2028, lower than the rate seen in the 1960s. It’s far below.
The report explains how immigration distorts the economy.
Increases in net immigration are projected to affect average real wages through several channels. First, additional foreigners are expected to work in relatively low-wage sectors of the economy, putting downward pressure on average wages. Second, the projected increase in workers will reduce the amount of capital (plant and machinery) per worker, which will also put downward pressure on economic growth. [productivity and] Average Real Wages…CBO estimates that by 2034, three effects will combine to make average real wages slightly lower than they would have been otherwise.
“The injection of more labor into the economy without a commensurate increase in capital also tends to reduce the productivity of the average worker.” Articles from February 15th In the Wall Street Journal.
The dirty secret of Bidennomics (better-than-expected job growth, higher-than-expected GDP, higher-than-expected inflation) is that Joe’s shameless open borders policy is bringing more than 6 million new consumers to the United States. . https://t.co/17lSYTfFkk
— Breitbart News (@BreitbartNews) February 13, 2024
“Think of it this way: Five accountants with five computers can each do more work than six accountants with five computers.”
The CBO report notes that transitioning skilled white-collar workers can improve productivity. But very few of Mr. Biden’s roughly 7 million undocumented immigrants are considered skilled enough to be productive, even if they work hard.
but wall street journalI’m ignoring two other big reasons why many governments support immigration. It’s about pleasing real estate investors by skyrocketing home values, and pleasing private investors by importing millions of additional consumers.
Additional income for investors from housing and consumer goods is also swelled by government spending programs. Spending is debt, so it benefits investors today by imposing huge debts on their children who will pay taxes in the future.
RELATED: Camarota talks about declining labor force participation and immigration
For example, a recent report found that the federal government spent $739 billion on aid programs from 2005 to 2020, assisting approximately 3 million immigrants. Deficit spending has been paid to various businesses over the past 15 years and will have to be repaid by young taxpayers over the next 20 years.
of wall street journal article It also ignored how pro-immigration laws create ideological and careerist demands for a more coercive diversification of citizenship rules that promote democracy, innovation, and equality in the country.
“We welcome [to migrants which is] This is a national identity rooted in our founders’ quest for freedom from persecution and tyranny. ” claimed February article by Sasha Chanoff, owner of an organization that helps employers bring immigrants to the United States. “We will strengthen the economy in important ways… [and] Hold up a moral beacon for the world to follow. ”
Extract migration
Since at least 1990, the federal government has relied on extractive immigration to grow the economy, allowing investors to move high-wage manufacturing to low-wage countries.
Immigration policies rob poor countries of vast human resources.Additional workers, consumers and renters boost stock prices By lowering American wages, subsidizing less productive businesses, raising rents, and inflating real estate prices.
Economic policies have forced many American-born people out of careers in various business fields, reduced the productivity and political influence of American-born people, reduced high-tech innovation, and crippled society. became. solidarity of citizensAnd they allowed government officials and progressives to ignore the policy. increased mortality rate of abandoned american.
Policies like colonialism have killed hundreds of Americans and thousands of immigrants, many of them immigrants. Taxpayer-funded jungle trail Passing through the Darién Canyon in Panama.
