Daniel Kuehn, Why the Conventional View of Immigration Is Wrong | Library of Economics and Liberty
A market-based immigration policy is practically by definition a liberal immigration policy, but even within the framework of relatively open borders, many pro-immigrant voices insist on differentiating between potential migrants on the basis of education level or legal status. The conventional wisdom holds that well educated immigrants deserve greater access than less educated immigrants and that undocumented immigrants should be assimilated only after immigrants with valid visas or green cards (if at all). Both views can be challenged using the insights of economics. High-skill labor markets, much like other markets, function according to the laws of supply and demand and, therefore, do not need a differential boost from the government. In the case of undocumented immigrants, self-selection mechanisms suggest that a migrant's undocumented status communicates important information about the high value that they derive from living in the United States. If more people thought about these issues as economists tend to, the conventional wisdom would shift towards support for a more broadly welcoming policy that treats immigrants of all backgrounds equally.
Bonus Hayek Quotation of the Day…
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