June 19, 2013
While supporters of the Senate immigration bill tout a new analysis that shows the legislation would boost the economy and trim the deficit, critics are seizing on another, less rosy stat — the average American wage would drop, and not recover for more than a decade.
The analysis from the Congressional Budget Office projected that, if the Senate bill passes, the influx of new immigrants would have the effect of slightly bringing down the average wage. Specifically, the estimate showed average wages for the entire labor force “would be 0.1 percent lower in 2023.”
It would affect lower- and higher-skilled workers more than those in the middle of the spectrum.
This article was posted: Wednesday, June 19, 2013 at 8:42 am