HoustonHusky
New Fish
This came out a while back in zerohedge...some issues with how they handle some of the data and conclusions on QE, but overall there is a lot of truth to it. I think it is one of the reasons why if Trump keeps talking immigration he'll have some legs for a while, especially with a divided Republican field. Also one reason (of many) why Obama's economic record has been so sh!tty...wages have been stagnant/falling because companies have been importing workers to fill them instead of pushing up wages. Its a simple supply/demand curve, and as long as the supply (worker) side is more flexible with both legal and illegal immigration than the demand side on creating jobs you won't see a steady increase in overall take-home pay/standard of living for the folks below the median income.
http://www.zerohedge.com/news/2015-...esenting-most-stunning-number-may-jobs-report
But while all of these comparisons are apples to oranges, using the BLS' own Native-Born series, also presented on an unadjusted basis, we find the following stunner: since the start of the Second Great Depression, the US has added 2.3 million "foreign-born" workers, offset by just 727K "native-born".
http://www.zerohedge.com/news/2015-...esenting-most-stunning-number-may-jobs-report
But while all of these comparisons are apples to oranges, using the BLS' own Native-Born series, also presented on an unadjusted basis, we find the following stunner: since the start of the Second Great Depression, the US has added 2.3 million "foreign-born" workers, offset by just 727K "native-born".
