Immigration May HELP the Economy
Should we welcome them instead of putting up fences? – There is a lot of controversy going on about immigration right now, but some economists think that countries that restrict it might be missing out on a great economic development.
Economist Gustavo Ventura says, “Regulation of labor movements is one of the most severe distortions facing the world today.” Ventura used data gathered from previous periods of largely unfettered immigration, such as the United States before World War I and, more recently, in Europe, as new countries joined the European Union. He then constructed a model to see how production and economic growth fared, as well as individual welfare.
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