The Economist Admits Mass Migration is Costly and Increases Inflation [Video]

By Pawel StyrnaFAIR

Ever since it became painfully clear that post-Covid inflation was not “transitory,” the open-borders lobby claimed that high levels of immigration would help reduce inflation. However, a recent article in the otherwise socially liberal, pro-immigration, pro-globalization U.K.-based weekly, The Economist, argues that high levels of mass migration may actually exacerbate inflation.

Entitled “Immigration is surging, with big economic consequences,” the April 30 article makes many common-sense points that FAIR and others have long made about open-borders. In looking at several developed countries, the author points out that “immigration’s impact goes well beyond an arithmetical effect on GDP—it extends to inflation, living standards and government budgets. And recent arrivals differ from previous ones in an important way: more are low-skilled.” This is an important recognition that mass migration has many impacts, not just an addition of cheap foreign labor to the economy.

Regarding inflation, the article challenges the arguments …