Monday, 17 April 2017

I can probably predict what you think about immigration

The Economist tells us that "every 1% increase in the ratio of immigrants to natives in the working-age population leads to a 0.5% fall in wages for the lowest 10% of earners (and a similar rise for the top 10%)".

It is of course ridiculous to say that people believe only what suits their self-interest. But you should not be surprised to see well-off people welcoming immigrants and poorer people resisting them.

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