Wednesday, March 14, 2018

Goodbye Professor

The world lost a great man today.

Wednesday, March 07, 2018

Immigration is good.

http://cep.lse.ac.uk/_new/publications/press1.asp?index=5053

An exhaustive, comprehensive study was commissioned by the UK govt on the impact of immigration before and after Brexit. They appear to be reluctant to release the findings, here they are;

New analysis by the Centre for Economic Performance

A reduction in immigration from the European Union (EU) following a vote for Brexit would not lead to any improvement in living standards for those born in the UK. Cuts in EU immigration would not offset the big fall in UK living standards caused by the reduction in trade and investment that would result from Brexit. 

The researchers highlight the empirical evidence showing conclusively that EU immigration has not had significantly adverse effects on average employment, wages, inequality or public services at the local level for people born in the UK. Falls in average real wages of UK-born workers are more closely associated with the biggest economic crash for more than 80 years. 

Our new evidence shows that the areas of the UK with large increases in EU immigration did not suffer greater falls in the jobs and pay of UK-born workers. The big falls in wages after 2008 are due to the global financial crisis and a weak economic recovery, not to immigration. 

There is also little effect of EU immigration on inequality through reducing the pay and jobs of less skilled UK workers. Changes in wages and joblessness for less skilled UK-born workers show little correlation with changes in EU immigration. 

EU immigrants pay more in taxes than they use public services and therefore they help to reduce the budget deficit. Immigrants do not have a negative effect on local services such as education, health or social housing; nor do they have any effect on social instability as indicated by crime rates. 
https://www.google.com.hk/url?sa=t&source=web&rct=j&url=http://cep.lse.ac.uk/pubs/download/brexit05.pdf&ved=2ahUKEwiYjcrHtNnZAhVEspQKHSRQCVEQFjAAegQICRAB&usg=AOvVaw0pPRDFPW4FRB0Bdh4iJOje