The Economic Impact of Immigration: Lessons from the Mario Boatlift

The podcast episode discusses the empirical study conducted on the impact of the Mario Boatlift, where 150,000 low-skilled Cubans migrated to Miami in a short period of time. The study found that there was no negative impact on wages for non-Cuban, Hispanic high school dropouts, which challenges the common concern that low-skilled immigration drives down wages for native workers. This example highlights the benign economic impact of immigration and suggests that the fears are unfounded.