“More immigration would help meet today’s excess demand for labor, which over time would limit wage and price growth,” wrote Gordon Hanson, an urban policy professor at Harvard and Matthew Slaughter, the Dean of the Tuck School of Business at Dartmouth.
Source: Will more immigration help slowdown inflation?
The majority of U.S. population growth today is due to immigration.
In less than 20 years, 100% of the U.S. population growth will be due to immigration.
This study, though, is not so much about immigration as it is about halting wage gains by labor. The elite would be mostly immune from the wage effects, but would benefit from higher corporate profits in their stock investment portfolios.
The authors have tenured, guaranteed jobs for life. Sort of like Covid elite and climate elite that ignore their own rules and guidance, these authors are immune from the consequences of their guidance.
