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Immigration depresses wage growth

The American Congressional Budget Office (CBO) has published a report that states that immigration is reducing wages.

Mainly in low-skilled / low-paid jobs. That is both the fault of illegal and legal immigration to the US.

It is not the first time that large-scale immigration has been dampening wage growth, as it was in 1980. When 200.000 Cubans came to Florida, resulting in a wage drop of 20% in low-skilled jobs within a few months.

At the national level:
A 10% increase in the migrant population leads to a 10% fall in wages in low-skilled jobs.

In other words, immigration only makes the low-paid and the low-stop people poorer.

What is CBO?
https://en.wikipedia.org/wiki/Congressional_Budget_Office

https://www.youtube.com/watch?v=gsz0SnTF948&feature=youtu.be

 

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