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Growth in Supply of Immigrants Cut American Workers' Pay, Top Economist Says
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Growth in Supply of Immigrants Cut American Workers' Pay, Top Economist Says
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Growth in Supply of Immigrants Cut American Workers' Pay, Top Economist Says
2004
Overview
His study of two decades of wages concluded that U.S.-born high school dropouts suffered the most -- a 7.4 percent drop in annual wages by the year 2000. For high school graduates and workers with some college, the loss was a little more than 2 percent. And for college graduates, wages were held back an average 3.6 percent. [George J. Borjas] found that U.S.-born Hispanic workers saw their wages reduced by an average 5 percent, and U.S.-born blacks experienced a 4.5 percent drop. These two groups faced the most direct competition from foreign-born workers, he said. \"The reduction in earnings occurs regardless of whether the immigrants are legal or illegal, permanent or temporary,\" said Borjas, himself an immigrant from Cuba. \"It is the presence of additional workers that reduces wages, not their legal status.\"
Publisher
Tribune Content Agency LLC
Subject
