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(单词翻译:双击或拖选)
Immigration and the economy
How migrants help
And how Obama's order doesn't
IMMIGRATION is the quintessential supply-side policy. It expands the labour force, encourages investment and provides taxpayers1 to supportAmerica's growing ranks of the grey-haired. Sadly, Barack Obama's immigration order will have few such benefits, because it is aimed largely at illegal immigrants who arrived years ago while doing precious little to increase the flow of newcomers.
The reform that passed the Senate last year (but was never taken up by the House of Representatives), besides legalising millions of illegal immigrants, would have created new entry routes for foreign workers, especially those with skills, experience and education. The Congressional Budget Office reckoned it would boost the population in a decade's time by10m, the number of workers by6m, and the level of GDP by 3.3%.
By contrast, Mr Obama's Council of Economic Advisers2 reckons his order will boost GDP in the next decade by between 0.4% and 0.9%, mostly because of provisions unrelated to illegal immigration. These give foreign entrepreneurs more ways to get into America, allow the spouses3 of skilled visa-holders to work, and let foreign-born science graduates spend more time in America doing their training.
In theory, the economy should benefit as illegal immigrants, no longer fearing they will be deported4, switch to jobs better suited to their skills. But that advantage is likely to be small: a study by Silvia Helena Barcellos, now at the University of Southern California, found that Mexican high-school dropouts who qualified5 for the 1986 amnesty earned only 2-3% more than those who did not qualify, and that there was little difference in where they worked or the types of jobs they had, though their better-educated counterparts got better jobs.
Immigration is already shrinking as a contributor to American growth. Legal immigration has been around1ma year for the past decade, and is edging down as a share of the population (see chart). Illegal immigration more or less came to a halt in 2007. Since then, the number of illegal immigrants freshly arrived in the country has been roughly balanced, or exceeded, by the number who have left, died or been deported. The longer Congress goes without legislating6 a change, the costlier7 it will be for the economy.
1 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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2 advisers | |
顾问,劝告者( adviser的名词复数 ); (指导大学新生学科问题等的)指导教授 | |
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3 spouses | |
n.配偶,夫或妻( spouse的名词复数 ) | |
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4 deported | |
v.将…驱逐出境( deport的过去式和过去分词 );举止 | |
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5 qualified | |
adj.合格的,有资格的,胜任的,有限制的 | |
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6 legislating | |
v.立法,制定法律( legislate的现在分词 ) | |
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7 costlier | |
adj.昂贵的( costly的比较级 );代价高的;引起困难的;造成损失的 | |
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