IN THE NEWS:
In the 1990s, President Bill Clinton’s Council of Economic Advisors reported that immigration had “increased the relative supply of less-educated labor and appears to have contributed to the increasing inequality of income."
But the specific story of how immigration has undercut Blacks’ economic opportunity throughout American history is detailed most comprehensively in Roy Beck’s book “Back of the Hiring Line: A 200-Year History of Immigration Surges, Employer Bias, and Depression of Black Wealth.”
In contrast with the questionable, superficial arguments that politicians make about the merits of more immigration, it turns out that during the period of relatively restricted immigration between 1924 and 1965, the inflation-adjusted incomes of Black men grew 400% versus 250% for white men, and the proportion of Black middle class families tripled, from 22% to 71%.
The iron law of supply and demand hasn’t changed since the mid-20th century.