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FED: IMMIGRANTS NET PLUS FOR ECONOMY, WORKERS

By Greg Siskind

The Federal Reserve Bank of San Francisco has released a report showing immigration helps boost overall wages for US workers and improves worker productivity. From Bloomberg: ?There is no evidence that immigrants crowd out U.S.-born workers in either the short or long run,? Giovanni Peri, an associate professor at the University of California-Davis and a visiting scholar at the San Francisco Fed, said in the paper released today. ?Data show that, on net, immigrants expand the U.S. economy?s productive capacity, stimulate investment, and promote specialization that in the long run boosts productivity.? Immigrants, who tend to be less educated and...

Full post as published by Greg Siskind's Blog on August 31, 2010 (boomark / email).