Monday, August 31, 2009
Newsweek Reports that “Immigrants Make More Jobs Than They Take”.
In a 15 page article titled "What You Need to Know", Newsweek reports that contrary to what often appears to be public opinion, immigrants actually create more jobs than they take. The article reports that the most skilled jobs in technology and engineering actually generated more than $52 billion in sales in 2005. The article also reports that the least skilled workers more than repay their costs in schools and health care. Two highly respected Australian economists studied the issue for the Cato Institute and found that the "net impact on U.S. households from tighter border enforcement is unambiguously negative". They found this to be true because even low skilled immigrants expand the economic pie and create jobs further up the ladder. In fact the study shows a $250 billion difference between the most and least restrictive immigration policies.