If you're a native high school dropout in this economy, you've got a slew of problems of which immigrant competition is but one, and a lesser one at that.
More Quotes from Jared Bernstein:
Many of our overall indicators are percolating along just fine, but the growth continues to elude many working families, especially those in the middle and low end.Jared Bernstein
While we continue to generate middle-class jobs, I would say we're doing so at a slower pace than we have in the past.
Jared Bernstein
I think the fingerprints of a faltering job market are all over this report. We've got more people working, but they're failing to get ahead.
Jared Bernstein
Where you see immigration competition play out most clearly is among high school dropouts. I'd say there's clearly immigrant competition among the least-skilled workers, but natives are a shrinking share while immigrants are a growing share.
Jared Bernstein
This decline in the jobless rate is certainly the largest drop we've seen in recent months, so it does suggest a stronger labor market than we expected.
Jared Bernstein
When income growth is concentrated at the top of the income scale, the people at the bottom have a much harder time lifting themselves out of poverty and giving their children a decent start in life.
Jared Bernstein
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