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376 “All the (Unemployed) Young Dudes”

The Fifth Column

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You Can't Have Open Borders or Welfare State, but You're in There

We had a sort of a natural experiment after the pandemic with regard to immigration and jobs. It looks like maybe we had a million fewer foreign-born workers in the labor force by the beginning of this year than we would have expected. That did not increase work rates or labor force participation of Americans who are already here. Your income level isn't nearly the same. But your participation is, you're in there.

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