Thursday, May 31, 2007

More on the immigration bill

What could be one effect of the new bill? Well, apparently, it may contribute to shifting economic growth from the city to the suburbs:
I have no idea how badly businesses inside cities depend on family labor, nor do I know the full social benefits of having a good family (though I support family life almost as much as I support free markets). However, it is important to note the opportunity cost in general; having more high-skilled immigrants means attacking the social capital that often enables small, family-owned immigrant businesses (and immigrants are the most likely group of people to be entrepreneurs!) to survive and prosper.

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