President Joe Biden's vice president said he has admitted more than 9 million immigrants into the United States, including about 6.5 million illegal and semi-legal immigrants. The Wall Street Journal.
The three-fold increase in migrant flows by early 2024 does not include migrants turned away at the border, but it is still “roughly the same as the number of migrants entering the country in the past decade.” say of journalThis article is based on a recent report from the Congressional Budget Office (CBO).
The continued influx of new workers, consumers and renters will allow Biden and Kamala Harris to argue that the country's economy is growing because companies are creating jobs for low-wage immigrants, not higher-paid Americans.
of journal “The House Homeland Security Committee estimates that at least 2 million people have crossed the border undetected since the second half of 2020,” he said, adding that the number could be even higher.
The administration is also keeping the door open to more than 170,000 immigrants from the South each month, accelerating the influx of white-collar visa workers.
This influx equates to three immigrants for every four babies born in the United States.
Biden's immigration cuts the wages, productivity, and wealth of ordinary Americans.
About 23% of Biden's immigrants lack a high school diploma, compared with just 10% of the U.S. adult population.
But the influx also includes an above-average proportion of college graduates, the paper said.
Thirty-six percent of new legal and illegal immigrants claim to have bachelor's degrees from foreign universities of unknown quality. journal This percentage is slightly higher than the 35% of Americans who have a four-year college degree.
For example, 2.5% of immigrants in the Biden administration work as software developers, compared with 1% of Americans overall.
The influx of desperate foreign graduates has left salaries for U.S. graduates stuck at 2008 levels.
of Wall Street JournalThe report, a careful summary of CBO data reported by Breitbart News in July, only briefly touches on some of the economic impacts on Americans.
Immigrants “compete with less-educated existing workers, putting downward pressure on their wages,” he said. journal “The surge in immigration could put some strain on overall wages and productivity,” it explained.
There is mounting evidence that the influx is making it easier for investors to hire cheap, desperate immigrant labor, pushing ordinary blue- and white-collar Americans out of their jobs, careers, homes, and retirement assets.
of The New York Times Reported on September 5th:
Spring survey of employers National Association of Colleges and Employers Employment projections for this year's college graduates are lower than last year's; and Finance, insurance and real estate industries The company plans to cut employment by 14.5% this year, a sharp reversal from last year's 16.7% increase.
Meanwhile, the Bureau of Labor Statistics' latest report states: Shows the overall pace of hiring in professional and business services The competition for university entrance exams on which many young graduates depend has fallen to levels not seen since 2009.
of Times He cited the experience of Bailey Hayes, who will graduate from Pepperdine University in California in 2023. Hayes had an extremely hard time finding work in Biden's expanding economy.
But even after that [an unpaid internship] Hayes was unemployed for four months this year after her job search ended, calling it a “grueling process.” And she's not alone, she says: Other recent grads she knows have looked for jobs for “six to nine months” or are still looking. “I would say for almost 100 percent of my friends, it's been pretty awful,” she says.
Nevertheless, recent Public Opinion Poll By The New York Times In battleground states like Michigan, Pennsylvania and Wisconsin, Harris leads by as much as 21 percentage points among white college-educated voters, who make up 39 percent of the electorate in each state.
NBC News Reported September 4:
Harris has strong support among college graduates, beating Trump by 26 points among them (56% to 30%), and only 5% of college graduates say they will not vote in November's presidential election.
The massive influx of foreign workers is also contributing to a decline in the productivity that creates wealth in the U.S. economy.
of The Wall Street Journal The report found that 6.5% of Biden's immigrant population currently works in construction, compared with just 1% of Americans overall. But productivity among construction workers has plummeted since 1970, a few years after Congress passed the 1954 Immigration Act, which unleashed a massive wave of legal and illegal immigration.
According to a January 2023 study, “value added per worker in the construction sector was about 40% lower in 2020 than in 1970.” Report A University of Chicago report noted that declining productivity is taking a huge toll on Americans' wealth.
If construction labor productivity had grown at the (relatively modest) rate of 1 percent per year over the past 50 years, total annual labor productivity growth would have been roughly 0.18 percent higher, and total labor productivity (and perhaps per capita income) today would be about 10 percent higher.
This report: Austan Goolsbee, who served as chairman of President Barack Obama's Council of Economic Advisers.
of The Wall Street Journal The article makes no mention of the alternative, low-immigration economic strategy promoted in April. BlackRock founder Larry Fink
“We always [a] Decreasing population is a negative factor [economic] “Economic growth is critical to the growth of our countries,” BlackRock founder Larry Fink said at a pro-globalization event hosted by the World Economic Forum in Saudi Arabia in April.
But in conversations with leaders of these great developed countries, [such as China, and Japan] No one can enter a country with xenophobic, anti-immigrant policies. [so they have] As these countries experience declining populations, technologies such as robotics and AI will develop rapidly.
“If all of this promises to transform productivity, Most of us would think so. [emphasis added] “We could have a declining population and still have a higher standard of living for the country and for individuals,” Fink concluded.
