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

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