Sorry to keep harping on about this, but I note that average earnings are up 1.7% in the year to February at the same time as the CPI rate of inflation has been 1.6%.
As the last year has seen a closing of the door to immigrants from outside the EU, is it possible to connect these two facts?
By stopping the inward rush of dirt-cheap labour, perhaps the result has been that average earnings are already beginning to rise (notwithstanding the incessant flow from Eastern Europe, which still needs to be tackled urgently).
Perhaps we may yet see Jonathan Portes apologising for his false and cranky connection between immigration and genuine economic growth (economic growth that benefits everyone, not just the elite).
As the last year has seen a closing of the door to immigrants from outside the EU, is it possible to connect these two facts?
By stopping the inward rush of dirt-cheap labour, perhaps the result has been that average earnings are already beginning to rise (notwithstanding the incessant flow from Eastern Europe, which still needs to be tackled urgently).
Perhaps we may yet see Jonathan Portes apologising for his false and cranky connection between immigration and genuine economic growth (economic growth that benefits everyone, not just the elite).
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