IMMIGRATION….Via Tyler Cowen, here’s a new paper about the effect of immigration on wages of native workers. Nickel version: among workers with no high school degree, wages go down 0.7% in the short run and up 0.3% in the long run. Among all workers, wages go down 0.4% in the short run and up 0.6% in the long run.
In other words, not much effect at all.
