Real Life Economics


av Real Life Economics | Publicerades 7/25/2018

This episode of Real Life Economics focuses on immigration and the impacts it has on the U.S. as well as experiences from other countries. To properly understand its impacts, we explain the mechanics of labor market theory as well the mechanics of long term trend growth. With that primer, we discuss Professor George Borjas work on immigration economics which strongly suggests that there is a heavy redistribution effect when immigrants first join the workforce which drives prices down and increases profits for corporations. However, in an interview with Michael Clemens economist at the Center for Global Development highlights that a blue-ribbon panel of economics on this subject do not uniformly subscribe to that view. In fact, Clemens points out that it is not a zero-sum game. In fact, immigration has significant positive benefits that are often ignored in the basic research. Listen in to hear the full discussion.

Om Podcasten

REAL LIFE ECONOMICS is an unabashedly smart, fact-driven podcast, dedicated to stimulating thought on economic issues. Each episode will feature an important economic concept or policy, like "free trade" or "tax reform," that the hosts will break into smaller, more relatable concepts, with an eye towards explaining how the "theories" behind the issues play out in "real life." Unlike other media, however, REAL LIFE ECONOMICS won't tell you what to think about a given issue, but will instead, give you a framework to think critically about economic policy and the messages that politicians, for example, would have you believe.