The BIBLE NEWSPAPER "examining current events through the prophetic lens"
Thursday, September 22, 2016
National Academies’ Study Shows $500 Billion Immigration Tax on Working Americans
Immigration shifts roughly $500 billion in wages away from Americans and from established immigrants, directing that money toward new immigrants and to major employers, according to a dramatic report by the National Academies of Sciences, Engineering and Medicine.
On page 128, the report plays up the benefits of immigration by saying the inflow of skilled and unskilled immigrants has ”generated an immigration surplus of $54.2 billion, representing a 0.31 percent overall increase in income that accrues to the native population.”
But that flood of low-wage immigrants also cuts marketplace wages for Americans by 5.2 cents on the dollar, admits the report, titled “The Economic and Fiscal Consequences of Immigration.”
The pro-immigration report doesn’t provide a total dollar figure for the immigration tax of 5.2 percent, even though it supplies the dollar figure for the “immigration surplus.” READ MORE