Posted: Sep 22, 2022 12:01 AM
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At a time when the American economy could use more people, restrictions on immigration continue to trap a lot of unused talent in low-productivity countries. To unleash it, the United States could simply let these immigrants in and let them work. They’d become a productive part of the system that makes this country so wealthy. But politicians are getting in the way.
Forget for a moment about the usual fear-based talking points. Ignore the recent use of immigrants as political props. As George Mason University economist Bryan Caplan said on PBS, “if you don’t know anything about economics, just learn this: the secret to mass consumption is mass production. Countries that produce a lot of stuff have a high living standard. Countries that produce a small amount of stuff have a low living standard. That is why people want to live in rich countries, because production per person is high in rich countries.”
Unfortunately, the extravagant redistribution of wealth during the COVID-19 years