Saturday, March 04, 2006

U.S. Needs Immigrants

From the Durhan, North Carolina News & Observer:

Nearly 1 in 4 United States residents will be Hispanic by 2030 if current demographic trends hold. That makes the nation dependent on the group to fill jobs that retiring baby boomers will leave, according to a study released Wednesday by a National Academy of Sciences research group.

But as a group, Hispanics are younger, poorer, less educated, more likely to drop out of high school and not as fluent in English as other ethnic groups.

The United States must address their educational and economic needs, or risk a severe shortage of skilled labor in coming decades, the study says.


Anonymous Anonymous said...

Unless we plan on transforming ourselves into a third world economy, it does not sound like most Hispanics have the skill or other attributes we need. India, with a 300 million strong educated middleclass is probably a better match with our economic needs. They also mostly speak English.

Unless our economy is a ponzi scheme, it should be able to adjust to a declining workforce by adjusting the other factors of production. Capital can usually be substituted for labor and for the few jobs where it cannot, wages will adjust upwards to attract human labor.

The Japanese managed to figure it out and so can we.

3/04/2006 9:09 AM  

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