That Senate contact list again. ... 11:30 A.M.
**** Non-Immigration Item ****
Wednesday, June 20, 2007
George Borjas argues that the same model Bush's economists used to predict a (relatively small) $30 billion bonus from immigration also predicts a $350 billion wage loss:
If we are going to accept the $30 billon estimate as "the" estimate of the gains, then we should also accept the same model's predictions of the wage losses. And those losses are staggering.
As I understand it (which is tenuously), the staggering wage loss is balanced out, in the Bush "net" benefit calculation, by a staggering benefit to employers. ...
P.S.: Note that the CEA "White Paper" acknowledges potential negative effects on the incomes of unskilled workers, but (echoing Kevin Drum) argues that they have such a hard time of it in today's economy that we might as well screw them a little bit more. ... 11:38 P.M.
Eerie silence on the immigration-bill front, no? As if something were brewing! ... 11:13 P.M.
L.A. Latino Dems vs. L.A. Black Dems in an off-year special Congressional election. Is this the year a Latino wins in Compton? The Congressional Black Caucus can make its future even grimmer if the Grand Bargain gets to the House. ... 11:07 P.M.