Immigration -> more competition among workers -> lower wages Immigration -> more people in need of housing -> higher housing prices
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Replying to @HbdNrx
Immigration -> more people -> less open space, more pollution, more competition for increasingly marginal resources
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Replying to @HbdNrx
(note that the wage and housing effects are short-term rather than steady-state due to a sudden influx of people)
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(but those effects will last as long as immigration keeps up, plus some lag period as capital and housing adjust)
3:10 AM - 29 Oct 2015
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