Immigration boosts innovation and wages in the US. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 is estimated to have increased innovation and wages by 5%.

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“You only learn by reading and talking to other people. There’s no other way yet,” Dimon told a crowd of students at the Financial Markets Quality (FMQ) Conference at Georgetown University in 2024. “People waste a tremendous amount of time… turn off TikTok, Facebook.”

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