Immigration Is Not Helping The Economy
To the surprise of no one with a functioning brain:
New Analysis Finds Open Immigration Advocates Are Wrong, Population Growth Doesn’t Fuel Income Growth
Worries about America’s slowing population growth are misplaced because simply having more people in the country is no guarantee of higher incomes for every individual, according to the Center for Immigration Studies (CIS) Director of Research Steven Camarota.
“It is clear that the simplistic argument that more population growth necessarily leads to more per capita economic growth, which is the kind of growth that matters, is not obvious and in fact the evidence seems to be the other way around,” Carmarota told The Epoch Times during a June 1 interview.
“The idea that you want lots of population growth is simply not supported by the evidence. You can argue for population growth for any number of justifications but the point here is that you can’t argue for it because it obviously leads to more economic growth,” Camarota said.
Camarota’s comments followed a wave of recent claims of supporters of increased immigration into the country that slowing or stagnant population meant less economic growth and more national security challenges.
…
“In truth, there is no clear evidence that population growth necessarily improves a country’s standard of living,” Camarota wrote in his analysis. “To be sure, a larger population almost always results in a larger aggregate economy. More workers, more consumers, and more government spending will make for a larger Gross Domestic Product (GDP).
“But the standard of living in a country is determined by per capita (i.e., per person) GDP, not the overall size of the economy. If all that mattered were the aggregate size of the economy, then a country like India would be considered vastly richer than a country like Sweden because it has a much larger economy. In reality, per capita GDP determines a country’s standard of living.”
…
“If population growth drove economic growth, then countries like Canada and Australia that have among the highest rates of immigration and resulting population growth should vastly outpace a country like Japan, which has relatively little immigration and whose population actually declined over the last decade,” Camarota wrote.
“And yet in the most recent decade for which we have data, (2010 to 2019), Japan’s per-capita GDP grew 10.5 percent, slightly better than both Canada’s 8.7 percent and Australia’s 9.9 percent,” he said.
In slightly related news, a study found that jamming all of your neighbors into your house does not make you better off.
Critics go on to complain:
“How will Social Security survive as young workers shrink and retirees grow? How could the nation maintain a strong military with fewer soldiers and a declining base of taxpayers?”
Social security is a Ponzi scheme and a terrible offering. It never should have been introduced in the first place. Now, we’re expected to destroy our nation and culture simply so we can keep funding it?
Pass.
Likewise, we should import people who aren’t like us solely to get more tax money that we then have to disproportionally spend on them?
Pass.
I won’t even justify the military-industrial complex critic with a serious response.
The long-term ramifications of bottomless immigration is extensive. No short-term minor economic boost is worthwhile in exchange for it. And it is becoming increasingly more apparent that even the short-term benefit doesn’t actually exist.
“The only people that benefit from more peasants are the owners”.
In other unrelated news, the “No Shit Sherlock” saying has been officially retired due to the need for incredible levels of overuse this past year.
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