Why Immigration is Good for the U.S. Economy

1/30/2018 - Professor of Economics Giovanni Peri in the Morning Call.

Immigration is good for the economy. Most economists agree with that statement, although many non-economists don't.

Gianmarco Ottaviano of the London School of Economics and Giovanni Peri of UC, Davis, looking at U.S. labor markets, estimate that between 1990 and 2006 new immigrants reduced wages of previous immigrants by about 7 percent but did not affect wages of native-born workers. This study has its critics as well. Given the difficulty of separating the effect of immigration from other factors determining wages, economists may never settle this issue. But it seems unlikely that immigration has had much impact on wages.

Read the full story in the Morning Call.