Economic Cure-All: Immigrants

“Pro-immigration arguments are booming, and reached a zenith this week with the publication of a paper by the San Francisco Federal Reserve Bank, arguing among other things that immigrants, despite popular misconception, do not displace American workers. This has led a number of economic bloggers to make the very rational argument that one of the best things America could do now to fix our sagging economy is to encourage more people to come here and work. According to the econo-blogosphere lately, immigration is a cure-all for America’s economic ills.”