Saturday salon 28/1

1. Migration and economic activity

The above article (thanks to John D for the link) explains why it’s almost impossible to have a recession when we have high migration. The economy keeps growing, because there are more people operating in it. Governments can boast about economic growth, and it’s good for business, but not necessarily for workers.

Here’s how real net disposable income (per capita income) has been going for the last 20 years: Continue reading Saturday salon 28/1