Saturday, 9 February 2013

Why we need immigration...

This isn't a plea for no rules or no controls but a reminder that the "we're full, stop anyone coming here ever again" brigade want to cut their nose off to spite their face. Here's why:

Low-fertility societies don’t innovate because their incentives for consumption tilt overwhelmingly toward health care. They don’t invest aggressively because, with the average age skewing higher, capital shifts to preserving and extending life and then begins drawing down. They cannot sustain social-security programs because they don’t have enough workers to pay for the retirees. They cannot project power because they lack the money to pay for defense and the military-age manpower to serve in their armed forces.

You have got that haven't you? Although the article is about us not having babies, it applies as well to us not letting people come to live here. If we are to suceed - to grow, to prosper, to keep up with the international Joneses then we need immigrants. Or more babies. Or both.


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