Economics 101: When more low-skilled refugees are accepted, more low-skilled Americans see their wages decrease

We asked previously why we should bring in 110,000 Syrian refugees when we already have a too-high U-6 unemployment rate. Now this from The Wall Street Journal: What Happens to Wages When Refugees Arrive? More Than You Might Think An influx of refugees can hurt the economic prospects of natives with similar skills, but benefit …

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CNNMoney says that “The general public has ‘extremely little factual knowledge’ about the job market and labor force” The truth is that the public have a better understanding of the economy than our learned economists

From CNNMoney: Most Americans think unemployment is a lot higher than 5% Americans think the economy is in far worse shape than it is. by Heather Long | @byHeatherLong | September 6, 2016: 2:28 PM ET The U.S. unemployment rate is only 4.9%, but 57% of Americans believe it’s a lot higher than that, according …

Continue reading ‘CNNMoney says that “The general public has ‘extremely little factual knowledge’ about the job market and labor force” The truth is that the public have a better understanding of the economy than our learned economists’ »