Thursday, June 21, 2012

DREAM On

Talking about the broad social benefits of low-paid domestic labor makes people uncomfortable, but it?s crucial to recognize that by far the largest benefits of immigration accrue to the immigrants themselves, who earn vastly higher wages by relocating. These benefits are far larger than any foreign aid program, but they?re not just charity. In an interconnected world, when foreign-born people increase their earnings, they increase their demand for American-made products. If Haiti?s population experienced a five-fold increase in incomes, we?d sell more cars and airplanes to Haitians and more Haitian tourists would visit our shores. When Haitians experience a five-fold increase in income by physically relocating to the United States, the exact same dynamic takes hold, except with an even wider range of services that native-born Americans can now sell to the newly enriched migrants.?

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