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Neil Munro

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Obama’s First Economic Chief Says One-Third Of Men Will Be Jobless

President Barack Obama’s first economics deputy says current US. economic policies would leave one-third of working-age men unemployed in 2051. Roughly 10 percent of American “prime age” men, or 7 million men aged 25 to 54, have dropped out of the nation’s workforce of 150 million. They are not trying to get jobs and are unemployed because of policy decisions, not because of technology.


National Academies: Immigrants’ Integration Is Slowing

The evidence shows a “slowing rate of wage convergence for immigrants admitted after 1979,” said the report, titled “The Economic and Fiscal Consequences of Immigration.” It adds: “These overall conclusions hold after controlling for immigrants’ educational attainment.”

Latino and African-American workers campaign for a $15 minimum wage.

National Academies’ Study Shows $500 Billion Immigration Tax on Working Americans

The report plays up the benefits of immigration by saying the inflow of skilled and unskilled immigrants has ”generated an immigration surplus of $54.2 billion, representing a 0.31 percent overall increase in income that accrues to the native population.” But that flood of low-wage immigrants also cuts marketplace wages for Americans by 5.2 cents on the dollar, admits the report, titled “The Economic and Fiscal Consequences of Immigration.”