The Nice Substitute “Theory” * Involves Economics at Heritage

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Heritage Basis’s    EJ Antoni writes on X (August 2):

Over the past yr, native-born Individuals have LOST 1.2 million jobs whereas foreign-born employment has elevated 1.3 million; we’re simply swapping out American staff at this level, not rising the pie for everybody…

 

He offers this graph:

Supply: EJ Antoni/Twitter.

I believe Dr. Antoni is utilizing July to July adjustments.

I’d not fault somebody for utilizing official collection from the US authorities; nonetheless, I’d fault somebody for citing calculations with out context, together with well-known caveats about what we all know now about considerations concerning the inhabitants controls at present utilized by BLS. For an individual who’s skeptical concerning the relevance of US authorities statistics (see right here), this omission is considerably shocking.

As Dr. Wendy Edelberg at Hamilton Challenge/Brookings has been documenting in varied paperwork, the BLS inhabitants controls used is perhaps lacking a bit of the inhabitants adjustments; the CBO has additionally some info on this respect (which I’ve utilized in my adjustment to civilian employment). She and Dr. Tara Watson present this graph of adjustments (January to January, however you get the thought).

Edelberg Watson Fig4 aug24

Supply: Edelberg and Watson (2024).

Whereas the cumulative change in overseas born employment is bigger than that for native born, it’s nonetheless the case that cumulative native born employment is constructive, contra Dr. Antoni.

* Wikipedia entry.

 

 

 

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