Friday, June 29, 2007

GW prof blowing a little sunshine up our what's-its on the immigration issue

TCS Daily - How the Mexican Immigration Problem Will Solve Itself:
"There has been a stunning decline in the fertility rate in Mexico, which means that, in a few years there will not be many teenagers in Mexico looking for work in the United States or anywhere else. If this trend in the fertility rate continues, Mexico will resemble Japan and Italy - rapidly aging populations with too few young workers to support the economy."

He ought to know better, but Prof. Dunne - who teaches economics at George Washington University - manages to ignore the fact that what he sees as a looming labor shortage in both Mexico and the US will still come nowhere near to equalizing wages between the two countries. The US economy will still be a great magnet drawing immigrants to it for many years.

Compounding the problem is the fact that a real train wreck is coming in the form of the collapse of Mexico's status as a significant oil exporter. The loss of oil export revenues will severely curtail Mexican government spending on social services, health care and other programs that must expand to make staying in Mexico a more attractive proposition.

0 Comments:

Post a Comment

<< Home