The U.K. Will Miss Its Low-Skilled Immigrants

8/2/2016 - Professor of Economics Giovanni Peri at Bloomberg.

Once the U.K. exits the European Union, about 590,000 people who live there now -- citizens of other EU countries -- will no longer be eligible to stay. Most likely, the majority of those who go will be relatively low-skilled workers.

According to a 2015 paper by Mette Foged of the University of Copenhagen and Giovanni Peri of the University of California, Davis, the arrival of low-skilled workers from other countries doesn't increase unemployment among low-skilled locals, but instead pushes them toward more training and better jobs.

Read the full story at Bloomberg.