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Gene Frenkle's avatar

From 2002-2008 illegal immigration definitely depressed wages but that was because the overall job market was weak because of the China Shock and a North American energy crisis. The recent illegal immigration spike started in 2019 and it was in the context of a very strong job market especially post Covid. Construction in America is heavily Latino and whenever we have a construction boom we have a spike in illegal immigration and the overall economy can be strong or weak.

David R Henderson's avatar

Great answer at the 28:26 point.

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