Remember that immigrants are new customers as well as new workers.
Yet, these customers typically arrive with no housing debt, no credit card debt and no major medical expenses.
As more immigrants arrive on our shores both private and public debt per American falls.
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Tuesday ~ October 25th, 2011 at 4:49 pm
Andreas Moser
Yes, we immigrants are good for you!
Says a German immigrant to the UK.
Tuesday ~ October 25th, 2011 at 4:50 pm
Andreas Moser
Taking this thought further, wouldn’t it be good for the levels of debt if Americans left?
Tuesday ~ October 25th, 2011 at 4:54 pm
jazzbumpa
That’s the initial state.
Do you think it is stable? Most especially the medical expense aspect?
If so, why?
What do you think drives private debt/capita?
How would an immigrant be immune to these forces?
Have you considered the effect on wages of an increased labor pool? Is supply and demand relevant?
You offer a conclusion based on a single thought and no analysis.
Cheers!
JzB