Q. WHO BENEFITS ?
A. BIG BUSINESS AND LANDLORDS
Migrants kept down the wages of low-paid workers, reinforced the gap between rich and poor and boosted company profits. Cheap labour provides more cheap services for the rich to get their lifestyle at a premium while nailing an ever-larger swathe of the workforce to the minimum-wage floor.
[Polly Toynbee, The Guardian]
There is a huge amount of evidence that any increase in the number of unskilled workers lowers unskilled wages and increases the unskilled unemployment rate. Employers gain from unskilled immigration. The unskilled do not.
[Professor Richard Layard, architect of
We conclude that the economic consequences of large-scale immigration are mostly trivial, negative or transient, that the interests of the more vulnerable sections of the population may be damaged, and that the small fiscal or other economic benefits are unlikely to bear comparison with immigration's substantial and permanent demographic and environmental impact.
[David Coleman, Professor of Demography,
REINFORCES GAP BETWEEN RICH AND POOR
There is also a sizable redistribution of wealth from native-born workers, who must compete with new immigrant workers and therefore experience lower wages, to employers. What immigration does is prevent the wage from going up to take care of the shortage of workers.
[George J. Borjas, Professor of Economics, Harvard]
The naive belief, among the liberal establishment, that there is a shortage of labour is an elementary economic fallacy. The notion popular among the left that immigration confers economic benefits on the host country is unwarrantable. Large-scale immigration of labour acts over time to reduce (or check the rise of) wages and to raise rents and profits.
[Edward Mishan, former Professor of Economics,