Globalist Magazine Admits Migration Cuts Wages
NEIL MUNRO
23 Jul 2024
Migration cuts local wages even as it expands the economy for investors, the globalist pro-migration Economist magazine admitted.
“A [migration] clampdown would also benefit GDP [Gross Domestic Product] per person—the yardstick by which economists usually assess living standards,” the magazine admitted Sunday and added:
As immigration surged in 2022 and 2023, GDP per person in Britain fell. It has tumbled in Germany. In Canada it remains nearly 4% off its high in 2022. This has happened in part because the latest arrivals are on average less skilled than the resident population, meaning that they cannot command high salaries.
“Reducing immigration could stop the [wage] slide in the short term,” the magazine acknowledged under the reluctant headline “The rich world revolts against sky-high immigration.”
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https://www.breitbart.com/2024-elect...on-cuts-wages/
