expat_panama
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from: Blog: Study breaks taboo, suggests illegal immigration related to productivity slowdown
March 10, 2017 Thomas Lifson
Political correctness has taken another hit in a new study that violates a taboo.
At the heart of the bonanza of that market economies offer their constituents is productivity growth. Only competition in the marketplace can reliably produce innovations that produce more with less on a mass scale. Yet, the rate of productivity growth in the United States has slowed dramatically in the last few years, increasing social and political tensions as people scramble for a piece of the pie in a near-zero-sum situation. Gain-sharing is much more pleasant that pain-sharing, after all.
I imagine that already the term “rrracist!” is being thrown at a new study that points to the increase in illegal immigration as one source of our productivity problems. Marketwatch reports this morning: (hat tip: Ed Lasky)
All sorts of reasons have been trotted out to explain why U.S. productivity growth has slowed so markedly, from mismeasurement to stalling innovation to weak capital investment.
Oxford Economics has a new research note adding another theory: unauthorized workers....
...And who does that benefit, by the way? Not Republicans.
Make no mistake, political correctness is a tool of social and political control.
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Being so politically incorrect this article should really kick the ol' hornet's nest. Rhetoric aside, here are the hard facts:
As to whether this is proof that foreign workers are wrecking the U.S. economy, that's what this forum's for.
March 10, 2017 Thomas Lifson
Political correctness has taken another hit in a new study that violates a taboo.
At the heart of the bonanza of that market economies offer their constituents is productivity growth. Only competition in the marketplace can reliably produce innovations that produce more with less on a mass scale. Yet, the rate of productivity growth in the United States has slowed dramatically in the last few years, increasing social and political tensions as people scramble for a piece of the pie in a near-zero-sum situation. Gain-sharing is much more pleasant that pain-sharing, after all.
I imagine that already the term “rrracist!” is being thrown at a new study that points to the increase in illegal immigration as one source of our productivity problems. Marketwatch reports this morning: (hat tip: Ed Lasky)
All sorts of reasons have been trotted out to explain why U.S. productivity growth has slowed so markedly, from mismeasurement to stalling innovation to weak capital investment.
Oxford Economics has a new research note adding another theory: unauthorized workers....
...And who does that benefit, by the way? Not Republicans.
Make no mistake, political correctness is a tool of social and political control.
* * * * * * * * * * * * * * * * * * * * * * * *
Being so politically incorrect this article should really kick the ol' hornet's nest. Rhetoric aside, here are the hard facts:
- About 8 years ago the number of employed foreign born was at a decade low and productivity spiked.
- Since than the number foreign born employed's been growing steady to a record high and productivity's ground down to an unprecedented slump
- and it's so bad it's causing inflation and forcing the Fed to raise rates.
- Add to that is the fact that for many decades productivity of American workers is way higher than that of the rest of the world.
As to whether this is proof that foreign workers are wrecking the U.S. economy, that's what this forum's for.
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