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80% of All Legal Immigrants in America Have Less Than $500 Net Worth
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From The Atlantic:

Will Immigrants Today Assimilate Like Those of 100 Years Ago?
Two sociologists recently looked into whether the barriers facing people of color in the U.S. make it harder for most new arrivals to build wealth.

ALEXIA FERNÁNDEZ CAMPBELL

… Their research, published in June in the journal Sociological Perspectives, analyzed data from the New Immigrant Survey of 2003, which captured the experiences of more than 8,000 [legal] permanent residents who had been living in the United States for less than 10 years. …

Only white immigrants had a median net worth of more than $500; about 80 percent of all immigrants in the sample had almost no wealth (less than $500).

That last sentence is pretty interesting.

 
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  1. $500 is a low bar these days.

    • Replies: @Forbes
    $500 is next month's rent expense, and living paycheck to paycheck--not a definition of wealth. It's a definition of poverty.
  2. I’m sure the Republicans can offer so much more than the Democrats can in order to win their support. Natural born conservatives, and all that.

    • Replies: @Maj. Kong
    The only way the GOP gets their vote is to somehow seem more anti-white than the Democrats. Its hard, as it involves more than policies or campaigning, it means a near-totalitarian control of your base's opinions.

    Perhaps David Duke should call himself a Democrat again, and sneak his way behind Hillary at one of her rallies like the Orlando terrorist father did.
  3. Anonymous • Disclaimer says:

    Of the people in that time frame, half of white immigrants are over $500 in net wealth, 80% of all immigrants are under $500. So, if there are absolutely no non-whites with over $500, then the percentage of non-white immigrants would be 60% – i.e., their percentage is 60% at minimum.

    • Replies: @MikeJa
    I'd say whites were no more than 10% at my naturalization ceremony.
  4. It certainly implies that only 20% of legal immigration is White. Thank you Teddy Kennedy.

    • Replies: @Alfa158
    Actually I'm afraid it could be even worse that that, because the percentage of immigrants who are White is not determinable from the data quoted here, except to say that the absolute highest percentage that could be White is 40%.
    Example:
    If only 2% of immigrants are White , then:
    1% of all immigrants are Whites worth more than $500.
    1% of immigrants are Whites worth less than $500.
    79% of immigrants are non-Whites worth less than $500.
    19% of immigrants are Non-Whites worth more than $500.
    From what I see where I live 2% sounds closer to the truth.
    , @iSteveFan
    Please don't mention Teddy Kennedy. There are others who wrote the legislation who are more deserving of such praise despite what Ann Coulter says.
    , @Mr. Anon
    "It certainly implies that only 20% of legal immigration is White. Thank you Teddy Kennedy."

    Sure, it was all Ted Kennedy's doing.

    Hart Celler Act

    "Representative Emanuel Celler of New York proposed the bill, Senator Philip Hart of Michigan co-sponsored it, and Senator Ted Kennedy of Massachusetts helped to promote it."

  5. Meanwhile, back on the late Milwaukee unpleasantness, here’s a pic of the Milwaukee Common Council

    • Replies: @Langley
    A better pic?

    http://city.milwaukee.gov/CommonCouncil/Council-Member-Web-Pages.htm
    , @Forbes
    City is 37% white, so that looks about right.
    , @dr kill
    I think the speaker is sporting a MAGA lapel button. Cool.
  6. if you are stupid enough to tell any survey you got money youre a fool! like telling your homeowners insurance you have a gun! lmao

    • Replies: @Chrisnonymous
    This could explain why Asian immigeants don't have more. I'm not surprised about Hispanic, ME, and African immigrants, but I would expect Indians and East Asians to be better savers.
  7. @scoops
    if you are stupid enough to tell any survey you got money youre a fool! like telling your homeowners insurance you have a gun! lmao

    This could explain why Asian immigeants don’t have more. I’m not surprised about Hispanic, ME, and African immigrants, but I would expect Indians and East Asians to be better savers.

    • Replies: @Louis Renault
    Well if the Asian immigrants in question had a BA in English from a University in Shanghai followed by getting that PHD from U Penn a dozen years like Dr. Qian later I'm sure that poverty could be avoided. Especially when it is easy to draw such conclusions as:

    .....Though a couple thousand dollars may seem small, these gaps in wealth indicate that white immigrants, possibly because of their skin color,...
     
    Skin color causes wealth. Is that really the causation these two believe? "This article is part of our Next America: Communities project, which is supported by a grant from Emerson Collective."
    "The Emerson collective" created by..... I think that's worth it's own posting Steve.
    , @TheJester
    Indians and East Asians have money. They hide their money from the taxman as well as the survey takers. Most Indians I've known look at the United State as an entrepôt (forward-based trading station) for selling Indian-based IT or other services from the home country. They didn't immigrate; they were sent as advanced sales teams. Getting US citizenship gives them the opportunity to low bid on US government and other contracts ... with the actual IT work performed in Mumbai or some other location in India.

    Same for East Asians with the taxman. I once had a South Korean woman at a party explain in great detail how the Korean community hides its wealth from the taxman. I doubt if she would have been as forthcoming with a stranger taking a survey.
  8. Well if I’ve learned anything, if whites ever do better, that just proves we have a racist system and need to let in many many more non whites into the country. This should be obvious.

  9. I often see media quotes to the effect that all these immigrants grow the economy, but the methodology is not explained.

    If non-white immigrants essentially have no net-worth, I wonder what their cost to the government is.

    They may save their employers a few bucks, but everyone else may be picking up the bill.

    What are the numbers though?

    • Replies: @everyday feminist
    I think it's pretty obvious how immigrants, especially low skill ones, grow the economy: they're spending all of their lavish incomes on bottle service and country club fees. They only have 500 bucks to their name because they do the job Americans won't do!
    , @iSteveFan
    Even if legal or illegal immigrants take government bennies, they spend those bennies on things like rent, food and consumables. So the landlords and businesses in the area get increased occupancy/sales which is probably where they are saying they grow the economy.

    Additionally more apartments and houses are needed and their kids create the necessity to build new schools which also adds to the pockets of the builders.
    , @Kyle
    What's going to happen when a other bubble pops?
    Are they going to be "too big to fail" or can we let them fail.
  10. Two sociologists recently looked into whether the barriers facing people of color in the U.S. make it harder for most new arrivals to build wealth.

    What barriers do “people of color” actually face in 2016? Only the ones too stupid to know how to work the system (which is not hard to work) face any actual barriers.

    • Replies: @Harry Baldwin
    In every speech, Hillary says she's going to "break down barriers" to women, people of color, and others of the designated victim class. What are those barriers, though? It seems to me that the only remaining barriers to which she could be referring are what we call "qualifications." The physical qualifications for being a firefighter or army Ranger are barriers to women, so those standards must be removed. The same thinking can be applied to every other job. No standards plus minority quotas means all barriers removed.

    Vote Hillary--Destroy all Standards!

    Sounds like a winning agenda in America today.

    , @Forbes
    Doesn't it seem slightly absurd that when they

    recently looked into whether the barriers facing people of color in the U.S.
     
    they used data from 2003?
  11. if you are stupid enough to tell any survey you got money youre a fool! like telling your homeowners insurance you have a gun! lmao

    So, immigrants (heavily non-white) would rather lie than say nothing. Interesting…

  12. If non-white immigrants have no wealth, then it’s probably Donald Trump’s fault.

  13. These newcomers from Ireland, Italy, and Eastern Europe were segregated into urban ghettos, living apart from the mostly Northern Europeans who arrived before them.

    Yeah WW1 really put a kibosh on German immigration.

  14. Well, I’m not a Marxist, but I’ve got to admit that sometimes a Marxist explanation is the most parsimonious. So here goes: by letting nonwhite immigrants with a net worth of less than $500 (for whom the minimum wage is a fortune) into the country, the crony capitalist elite can undercut the wages of the American-born white working class, with the added benefit of fomenting racial and cultural conflict to keep the proletariat fighting amongst themselves — and thus not uniting to challenge the crony capitalist elite.

    If the nonwhite immigrants are unable to hold a minimum wage job and turn out to be welfare leeches, the elites can merely add the cost to the $20 trillion national debt. Win-win for them.

    There ya go! Ol’ Karl would love it. Sadly, it’s true.

    (And no, I’m not Berniebot. Trump 2016!)

    • Agree: ic1000
    • Replies: @Louis Renault
    Let me state the obvious. The undercutting of wages affects more Black Americans and affects them more negatively than it does whites.
    , @guest
    That's not really Marxist. It's simple supply and demand. Except for the class warfare part, but Marx wasn't the only one to see things in terms of class. And yours is not an economic argument on that count. It's a political conspiracy theory.
    , @SFG
    I agree. It's kind of the same with Merkel and her Syrian invasion; my few German sources (who are questionable) claim she wanted more industrial labor. Which means they didn't want to pay Deutscher Michel a living wage.
    , @Iowan
    It also helps crony capitalists in countries of origin by providing an exit for unsatisfied, ambitious poor people. Emigrants don't usually join revolutions.
  15. @Chrisnonymous
    This could explain why Asian immigeants don't have more. I'm not surprised about Hispanic, ME, and African immigrants, but I would expect Indians and East Asians to be better savers.

    Well if the Asian immigrants in question had a BA in English from a University in Shanghai followed by getting that PHD from U Penn a dozen years like Dr. Qian later I’m sure that poverty could be avoided. Especially when it is easy to draw such conclusions as:

    …..Though a couple thousand dollars may seem small, these gaps in wealth indicate that white immigrants, possibly because of their skin color,…

    Skin color causes wealth. Is that really the causation these two believe? “This article is part of our Next America: Communities project, which is supported by a grant from Emerson Collective.”
    “The Emerson collective” created by….. I think that’s worth it’s own posting Steve.

  16. I wonder if these sociologists included Brains of Color as one of the barriers making it harder for People of Color to save money.

    • Replies: @dr kill
    Bam!!!!!
  17. @Dr. X
    Well, I'm not a Marxist, but I've got to admit that sometimes a Marxist explanation is the most parsimonious. So here goes: by letting nonwhite immigrants with a net worth of less than $500 (for whom the minimum wage is a fortune) into the country, the crony capitalist elite can undercut the wages of the American-born white working class, with the added benefit of fomenting racial and cultural conflict to keep the proletariat fighting amongst themselves -- and thus not uniting to challenge the crony capitalist elite.

    If the nonwhite immigrants are unable to hold a minimum wage job and turn out to be welfare leeches, the elites can merely add the cost to the $20 trillion national debt. Win-win for them.

    There ya go! Ol' Karl would love it. Sadly, it's true.

    (And no, I'm not Berniebot. Trump 2016!)

    Let me state the obvious. The undercutting of wages affects more Black Americans and affects them more negatively than it does whites.

    • Replies: @Dr. X

    The undercutting of wages affects more Black Americans and affects them more negatively than it does whites.
     
    True, but so many blacks are already on the government teat (and I'm including blacks who are employed because of government-forced affirmative action in that category) that as a class, they're already bought and paid for by the socio-political elites.

    Not so for most of the white working class, so the wage warfare must necessarily take place between the native-born whites and the nonwhite immigrants.
    , @Maj. Kong
    IMO, blacks are willing to take some personal economic hit in exchange for causing a far larger amount of pain to white conservatives. Its almost an article of faith on the left that once YT is reduced to a powerless minority as in CA and HI, then full on one-party D rule will deliver a paradise like ANC run South Africa.
  18. @Dr. X
    Well, I'm not a Marxist, but I've got to admit that sometimes a Marxist explanation is the most parsimonious. So here goes: by letting nonwhite immigrants with a net worth of less than $500 (for whom the minimum wage is a fortune) into the country, the crony capitalist elite can undercut the wages of the American-born white working class, with the added benefit of fomenting racial and cultural conflict to keep the proletariat fighting amongst themselves -- and thus not uniting to challenge the crony capitalist elite.

    If the nonwhite immigrants are unable to hold a minimum wage job and turn out to be welfare leeches, the elites can merely add the cost to the $20 trillion national debt. Win-win for them.

    There ya go! Ol' Karl would love it. Sadly, it's true.

    (And no, I'm not Berniebot. Trump 2016!)

    That’s not really Marxist. It’s simple supply and demand. Except for the class warfare part, but Marx wasn’t the only one to see things in terms of class. And yours is not an economic argument on that count. It’s a political conspiracy theory.

    • Replies: @ben tillman

    That’s not really Marxist. It’s simple supply and demand. Except for the class warfare part, but Marx wasn’t the only one to see things in terms of class. And yours is not an economic argument on that count. It’s a political conspiracy theory.
     
    One that happens to be true, as Earl Raab would tell you.
  19. @wren
    I often see media quotes to the effect that all these immigrants grow the economy, but the methodology is not explained.

    If non-white immigrants essentially have no net-worth, I wonder what their cost to the government is.

    They may save their employers a few bucks, but everyone else may be picking up the bill.

    What are the numbers though?

    I think it’s pretty obvious how immigrants, especially low skill ones, grow the economy: they’re spending all of their lavish incomes on bottle service and country club fees. They only have 500 bucks to their name because they do the job Americans won’t do!

  20. So most legal immigrants in America are poor? So those legal Chinese immigrants who are purchasing multi-million dollar homes and mansions in The San Gabriel Valley with fully paid upfront cash are the exception and not the rule?

    • Replies: @Anon
    Money laundering?
  21. @George Taylor
    It certainly implies that only 20% of legal immigration is White. Thank you Teddy Kennedy.

    Actually I’m afraid it could be even worse that that, because the percentage of immigrants who are White is not determinable from the data quoted here, except to say that the absolute highest percentage that could be White is 40%.
    Example:
    If only 2% of immigrants are White , then:
    1% of all immigrants are Whites worth more than $500.
    1% of immigrants are Whites worth less than $500.
    79% of immigrants are non-Whites worth less than $500.
    19% of immigrants are Non-Whites worth more than $500.
    From what I see where I live 2% sounds closer to the truth.

    • Replies: @Anon
    How do they define white?
    , @officious intermeddler
    No need to wonder. The Census Department counts. As of 2010, 17% of legal immigrants living in the US were from Europe, 2% from Canada and 37% from Asia. The 19% from Europe and Canada is probably a pretty good proxy for the number of white immigrants. Not all European and Canadians are white, but on the other hand, there are a fair number of white Conquistador-Americans from Cuban and Latin America that offset the leakage.
  22. So 80.0001% of non-white immigrants had a median net worth of more than $500? (It’s a math joke…moving on…)

  23. So obviously the huge economic benefits of mass immigration that always get touted by the political class aren’t accruing to the new arrivals themselves, are they? It’s almost like they are being taken advantage of…

  24. Paper is at libgen.io, DOI 10.1177/0731121415589138
    From the paper:

    Beginning with wealth, average net worth for the full sample is almost $63,000. By race/ethnicity, Asians ($83,500) and whites ($92,965) have higher net worth than blacks ($34,318) and
    Latinos ($40,073). Whites have the highest median value ($2,630) followed by Latinos ($500).
    Both Asians and blacks have a median net worth value of $0.

    Interesting to see a high average and low median for Asians. Figure 1 has 50,60,70,80,90% net worth quantile results broken down by race.

    About the sample:

    The NIS is a multicohort prospective-retrospective
    longitudinal panel that is nationally representative of immigrants gaining LPR status in 2003
    (Jasso et al. 2006). We use the first wave of the data, which contain 8,573 such LPRs, who were
    at least 18 years of age at LPR receipt. The NIS sample is stratified by visa class of admission:
    spouses of U.S. citizens (20 percent of sample), employment (20 percent), diversity lottery (17
    percent), and a residual category that includes refugees and asylees, spouses of legal permanent
    residents, and adult children (43 percent).

    Latinos represent the largest proportion of the NIS sample
    (39 percent), followed by Asians (29 percent), whites (20 percent), and blacks (12 percent).

    Half of the sample (65% of Latinos) have an English language proficiency of “not well or not at all” (Table 1).

    22% of Blacks and 20% of Whites (?!) were admitted through the diversity lottery (< 5% for Asians and Latinos) (Table 1). 34% of the sample were admitted because of a US spouse, 10% because of employment, and 24% because of a nonspouse family member.

    • Replies: @Langley
    " Both Asians and blacks have a median net worth value of $0.

    Interesting to see a high average and low median for Asians. Figure 1 has 50,60,70,80,90% net worth quantile results broken down by race."

    Nice catch!
    , @Romanian
    I know a Romanian family (2 parents, one kid, now adult) who won the diversity visa lottery (University colleagues of one of my parents). They're upper middle class now. The son is married to an American, if I remember correctly, white picket fence and all that.
  25. @Anonymous
    Of the people in that time frame, half of white immigrants are over $500 in net wealth, 80% of all immigrants are under $500. So, if there are absolutely no non-whites with over $500, then the percentage of non-white immigrants would be 60% - i.e., their percentage is 60% at minimum.

    I’d say whites were no more than 10% at my naturalization ceremony.

  26. In my city most White people with foreign accents are tourists and not immigrants. I am sure in Steve Sailer’s hometown that is also the case.

  27. I have to say that those numbers feel odd to me. The article says that the average net worth of an immigrant is $63,000. So let’s say we have 100 immigrants.

    Total wealth is 63k * 100 = $6.3 million
    But 80 immigrants have maximum wealth of 500 = $40k max
    So the remaining 20 have about $313,000 wealth each.

    That doesn’t feel right to me. Maybe there’s a single millionaire in the pool who is throwing off all the values.

    My gut feeling is that the results of this study depend on how home ownership was treated. If the mortgage is counted as debt in the net wealth (as it should), then I would expect that most people, even those with decent jobs, would have a negative net wealth. After all, they’ve only been in the country for 10 years, so they’re probably still in the early stages of paying off the property.

    In fact, it’s probably likely that the immigrant net wealth profile is roughly similar to that of 30-35 year old natives, who don’t really have much wealth built up either.

    • Replies: @ben tillman

    My gut feeling is that the results of this study depend on how home ownership was treated. If the mortgage is counted as debt in the net wealth (as it should), then I would expect that most people, even those with decent jobs, would have a negative net wealth. After all, they’ve only been in the country for 10 years, so they’re probably still in the early stages of paying off the property.
     
    The house counts as an asset, so they'd need other debt to put them in the red.
  28. Immigrants were brought here to spend money, not save it. They don’t have $500 because they’re paying 12% on a 72-month loan to keep that Escalade in the dingbat parking lot.

  29. @Jefferson
    So most legal immigrants in America are poor? So those legal Chinese immigrants who are purchasing multi-million dollar homes and mansions in The San Gabriel Valley with fully paid upfront cash are the exception and not the rule?

    Money laundering?

  30. @Alfa158
    Actually I'm afraid it could be even worse that that, because the percentage of immigrants who are White is not determinable from the data quoted here, except to say that the absolute highest percentage that could be White is 40%.
    Example:
    If only 2% of immigrants are White , then:
    1% of all immigrants are Whites worth more than $500.
    1% of immigrants are Whites worth less than $500.
    79% of immigrants are non-Whites worth less than $500.
    19% of immigrants are Non-Whites worth more than $500.
    From what I see where I live 2% sounds closer to the truth.

    How do they define white?

    • Replies: @Jefferson
    "How do they define white?"

    They most likely define it just like the U.S census, meaning not limited to European immigrants.

    , @IA
    That's not money laundering. That's shifting assets. This is money laundering:

    http://www.wisebread.com/how-to-launder-money
  31. Almost all our potential savings went to
    [4 years times (≈ $40,000 per year)] for undergraduate studies of one child,
    plus [4 years times (≈ $40,000 per year)] for the other one.
    Status of a semifinalist of NMS did not yield to any discount.
    It was in 1998-2002 and 2002-2006.
    Thanks God that it was with 4-year interval.
    However High School was public for both.

  32. @Bill Jones
    Meanwhile, back on the late Milwaukee unpleasantness, here's a pic of the Milwaukee Common Council
    http://milwaukeenns.org/wp-content/uploads/2016/06/26898846204_9b9c5fc7a6_k.jpg
  33. Anonymous • Disclaimer says:

    My guess would be that a lot of the Asians and many of the Hispanics actually have quite a bit saved, but choose not to reveal this information to a stranger. A lot of immigrants collect all sorts of benefits, including nearly free housing, while working full time off the books and living a rather thrifty lifestyle. They may not have much on paper here in the USA, but they are building a house back in Guatemala or whatever. Remember that admitting that you have even a modest amount of savings generally gets you booted from HUD housing, welfare, Medicaid, SNAP, etc.

  34. @res
    Paper is at libgen.io, DOI 10.1177/0731121415589138
    From the paper:

    Beginning with wealth, average net worth for the full sample is almost $63,000. By race/ethnicity, Asians ($83,500) and whites ($92,965) have higher net worth than blacks ($34,318) and
    Latinos ($40,073). Whites have the highest median value ($2,630) followed by Latinos ($500).
    Both Asians and blacks have a median net worth value of $0.
     
    Interesting to see a high average and low median for Asians. Figure 1 has 50,60,70,80,90% net worth quantile results broken down by race.

    About the sample:


    The NIS is a multicohort prospective-retrospective
    longitudinal panel that is nationally representative of immigrants gaining LPR status in 2003
    (Jasso et al. 2006). We use the first wave of the data, which contain 8,573 such LPRs, who were
    at least 18 years of age at LPR receipt. The NIS sample is stratified by visa class of admission:
    spouses of U.S. citizens (20 percent of sample), employment (20 percent), diversity lottery (17
    percent), and a residual category that includes refugees and asylees, spouses of legal permanent
    residents, and adult children (43 percent).
    ...
    Latinos represent the largest proportion of the NIS sample
    (39 percent), followed by Asians (29 percent), whites (20 percent), and blacks (12 percent).
     
    Half of the sample (65% of Latinos) have an English language proficiency of "not well or not at all" (Table 1).

    22% of Blacks and 20% of Whites (?!) were admitted through the diversity lottery (< 5% for Asians and Latinos) (Table 1). 34% of the sample were admitted because of a US spouse, 10% because of employment, and 24% because of a nonspouse family member.

    ” Both Asians and blacks have a median net worth value of $0.

    Interesting to see a high average and low median for Asians. Figure 1 has 50,60,70,80,90% net worth quantile results broken down by race.”

    Nice catch!

  35. @Dr. X
    Well, I'm not a Marxist, but I've got to admit that sometimes a Marxist explanation is the most parsimonious. So here goes: by letting nonwhite immigrants with a net worth of less than $500 (for whom the minimum wage is a fortune) into the country, the crony capitalist elite can undercut the wages of the American-born white working class, with the added benefit of fomenting racial and cultural conflict to keep the proletariat fighting amongst themselves -- and thus not uniting to challenge the crony capitalist elite.

    If the nonwhite immigrants are unable to hold a minimum wage job and turn out to be welfare leeches, the elites can merely add the cost to the $20 trillion national debt. Win-win for them.

    There ya go! Ol' Karl would love it. Sadly, it's true.

    (And no, I'm not Berniebot. Trump 2016!)

    I agree. It’s kind of the same with Merkel and her Syrian invasion; my few German sources (who are questionable) claim she wanted more industrial labor. Which means they didn’t want to pay Deutscher Michel a living wage.

  36. “Two sociologists recently looked into whether the barriers facing people of color in the U.S. make it harder for most new arrivals to build wealth.”

    Because how “people of color” are affected is what’s most important.

    I wonder how much an inflatable raft costs?

  37. @Louis Renault
    Let me state the obvious. The undercutting of wages affects more Black Americans and affects them more negatively than it does whites.

    The undercutting of wages affects more Black Americans and affects them more negatively than it does whites.

    True, but so many blacks are already on the government teat (and I’m including blacks who are employed because of government-forced affirmative action in that category) that as a class, they’re already bought and paid for by the socio-political elites.

    Not so for most of the white working class, so the wage warfare must necessarily take place between the native-born whites and the nonwhite immigrants.

    • Replies: @IA

    they’re already bought and paid for by the socio-political elites.
     
    Or, they're very good at shaking down whites.
  38. @guest
    That's not really Marxist. It's simple supply and demand. Except for the class warfare part, but Marx wasn't the only one to see things in terms of class. And yours is not an economic argument on that count. It's a political conspiracy theory.

    That’s not really Marxist. It’s simple supply and demand. Except for the class warfare part, but Marx wasn’t the only one to see things in terms of class. And yours is not an economic argument on that count. It’s a political conspiracy theory.

    One that happens to be true, as Earl Raab would tell you.

  39. Many immigrants have wealth back home. Homeless man with a nice house in Mexico:

    But the homeless man who was killed by police on the streets of San Francisco, on 7 April 2016, had a name, and he had a home.

    His name was Luis Demetrio Góngora Pat, and his home was a modest, one-story house a few blocks from the central square of the tiny Mayan village of Teabo, in the Mexican province of Yucatán.

    It was a house built slowly, room by room, over the course of seven years, with the remittances [at the bottom of the article is a picture of their home]

    https://www.theguardian.com/society/2016/aug/12/luis-gongora-san-francisco-police-shooting-homelessness

    Btw, if the above person showed up in the ER and demanded healthcare he would get it without being billed or a lien being put on his house in Mexico. Don’t any of you try that.

    When I lived in Brooklyn my barber was a refugee from the balkan civil war, brought to you by NATO. He once told me “Land? Why die for land? I left and became barber here.” He had a picture of a mansion with a very pretty lady in front. It was the house he was building back home. I suspect my barber’s reported net worth was zero.

    Many of the immigrants that actually have zero net worth are either family members of successful immgrants, for example parents brought here and collecting SSI, or children. How are they calculating the numbers? Many immigrants to the US are actually slaves, why would you expect them to have assets?

    • Agree: unit472, Triumph104
    • Replies: @Mike Sylwester

    ... the balkan civil war, brought to you by NATO ...
     
    It's too bad that you spoiled your generally sensible comment with this gratuitous bit of nonsense.
  40. @GSH
    I have to say that those numbers feel odd to me. The article says that the average net worth of an immigrant is $63,000. So let's say we have 100 immigrants.

    Total wealth is 63k * 100 = $6.3 million
    But 80 immigrants have maximum wealth of 500 = $40k max
    So the remaining 20 have about $313,000 wealth each.

    That doesn't feel right to me. Maybe there's a single millionaire in the pool who is throwing off all the values.

    My gut feeling is that the results of this study depend on how home ownership was treated. If the mortgage is counted as debt in the net wealth (as it should), then I would expect that most people, even those with decent jobs, would have a negative net wealth. After all, they've only been in the country for 10 years, so they're probably still in the early stages of paying off the property.

    In fact, it's probably likely that the immigrant net wealth profile is roughly similar to that of 30-35 year old natives, who don't really have much wealth built up either.

    My gut feeling is that the results of this study depend on how home ownership was treated. If the mortgage is counted as debt in the net wealth (as it should), then I would expect that most people, even those with decent jobs, would have a negative net wealth. After all, they’ve only been in the country for 10 years, so they’re probably still in the early stages of paying off the property.

    The house counts as an asset, so they’d need other debt to put them in the red.

  41. I skimmed the article and this caught my eye

    “Latino immigrants may not have access to the same investment advice as white Americans, and may be, like Hispanics in general, less likely to invest in stocks, bonds, and mutual funds”

    Immigrants should invest in stocks and bonds? The authors are bat ship crazy, right?

  42. So those legal Chinese immigrants who are purchasing multi-million dollar homes and mansions in The San Gabriel Valley with fully paid upfront cash are the exception and not the rule?

    Yes, they are exceptions.

    An interesting letter to the ed. in last week’s Barrons [ investment weekly] claimed that Chinese individuals purchases of houses in the USA must be money laundering schemes, since the Chinese gooberment officially allows Chinese citizens to possess no more than $50k or something similar in US dollars.

    In other words, many of the Chinese homebuyers may not actually be individual persons or families.

  43. @AndrewR

    Two sociologists recently looked into whether the barriers facing people of color in the U.S. make it harder for most new arrivals to build wealth.
     
    What barriers do "people of color" actually face in 2016? Only the ones too stupid to know how to work the system (which is not hard to work) face any actual barriers.

    In every speech, Hillary says she’s going to “break down barriers” to women, people of color, and others of the designated victim class. What are those barriers, though? It seems to me that the only remaining barriers to which she could be referring are what we call “qualifications.” The physical qualifications for being a firefighter or army Ranger are barriers to women, so those standards must be removed. The same thinking can be applied to every other job. No standards plus minority quotas means all barriers removed.

    Vote Hillary–Destroy all Standards!

    Sounds like a winning agenda in America today.

    • Agree: AndrewR, Mike Sylwester, Hail
  44. @Dr. X
    Well, I'm not a Marxist, but I've got to admit that sometimes a Marxist explanation is the most parsimonious. So here goes: by letting nonwhite immigrants with a net worth of less than $500 (for whom the minimum wage is a fortune) into the country, the crony capitalist elite can undercut the wages of the American-born white working class, with the added benefit of fomenting racial and cultural conflict to keep the proletariat fighting amongst themselves -- and thus not uniting to challenge the crony capitalist elite.

    If the nonwhite immigrants are unable to hold a minimum wage job and turn out to be welfare leeches, the elites can merely add the cost to the $20 trillion national debt. Win-win for them.

    There ya go! Ol' Karl would love it. Sadly, it's true.

    (And no, I'm not Berniebot. Trump 2016!)

    It also helps crony capitalists in countries of origin by providing an exit for unsatisfied, ambitious poor people. Emigrants don’t usually join revolutions.

  45. On topic, I hope.

    In comments in the previous thread, I argued for the value of the ideological test Trump proposed.

    George Borjas has weighed in on the issue, presenting a clear case for it, and some enlightening history:

    https://gborjas.org/2016/08/16/on-vetting-immigrants/

    • Replies: @Old fogey
    Many thanks for the link to Borjas' blog. It is down-to-earth and full of information.
    , @jill
    It seems George is not aware that the oath immigrants make has been made meaningless by Obama:

    USCIS Clarifies Eligibility Requirements for Modifications to the Oath of Allegiance

    Effective July 21, 2015, new guidance (PA-2015-001) in the USCIS Policy Manual clarifies the eligibility requirements for modifications to the Oath of Allegiance.

    Reciting the Oath is part of the naturalization process. Candidates for citizenship normally declare that they will “bear arms on behalf of the United States” and “perform noncombatant service in the Armed Forces of the United States” when required by the law.

    A candidate may be eligible to exclude these two clauses based on religious training and belief or a conscientious objection. The new guidance clarifies that a candidate:

    May be eligible for modifications based on religious training and belief, or conscientious objection arising from a deeply held moral or ethical code.
    Is not required to belong to a specific church or religion, follow a particular theology or belief, or to have had religious training in order to qualify.
    May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility.
    This guidance updates Volume 12 of the Policy Manual.

    To provide feedback on this guidance, please visit Policy Manual for Comment no later than August 4, 2015.

    Key phrase:
    "May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility."

    https://www.uscis.gov/news/alerts/uscis-clarifies-eligibility-requirements-modifications-oath-allegiance
  46. The most deplorable one [AKA "Fourth doorman of the apocalypse"] says:

    Only white immigrants had a median net worth of more than $500; about 80 percent of all immigrants in the sample had almost no wealth (less than $500).

    What? Did they not survey East Asian and South Asian immigrants? Or are those groups honorary whites?

    Or did they misspell illegal?

  47. Europeans do not emigrate to America to take blue collar jobs except for some East Europeans who often at first are illegal immigrants by overstaying their visitor visa like the ones from the Trump’s Polish Brigade. Europe has much more to offer in terms of jobs and welfare and healthcare for the low skilled workers. I think the same applies to NZ, Australia and Canada. On the other hand some professionals can make in the US much more so this is the incentive for Canadian doctors, European scientists… This explains why “Only white immigrants had a median net worth of more than $500.”

  48. @George Taylor
    It certainly implies that only 20% of legal immigration is White. Thank you Teddy Kennedy.

    Please don’t mention Teddy Kennedy. There are others who wrote the legislation who are more deserving of such praise despite what Ann Coulter says.

    • Replies: @Dr. X

    Please don’t mention Teddy Kennedy. There are others who wrote the legislation who are more deserving of such praise despite what Ann Coulter says.
     
    Like (((Emanuel Celler))).
  49. @wren
    I often see media quotes to the effect that all these immigrants grow the economy, but the methodology is not explained.

    If non-white immigrants essentially have no net-worth, I wonder what their cost to the government is.

    They may save their employers a few bucks, but everyone else may be picking up the bill.

    What are the numbers though?

    Even if legal or illegal immigrants take government bennies, they spend those bennies on things like rent, food and consumables. So the landlords and businesses in the area get increased occupancy/sales which is probably where they are saying they grow the economy.

    Additionally more apartments and houses are needed and their kids create the necessity to build new schools which also adds to the pockets of the builders.

    • Replies: @Old fogey
    Don't forget all the money that the immigrants send back home. Also many Latin American immigrants working here are planning to return when they have a nest egg despite having U.S. citizenship because their money will buy much more in their home countries.
    , @The Alarmist

    "... spend those bennies on things like rent, food and consumables."
     
    I have economics training, so I get the whole multiplier schtick people apply to this to say it grows the economy to have these peoples' purchasing, but to be frank, it is utter BS. You are taxing away, or, worse still, borrowing money to cover the bennies from other more productive sources, so you are seriously misallocating money from productive, value-additive persons or projects and dissipating it across an ever increasing sink-hole of bennies consumers ....

    Think of the natural output that comes from someone to whom food has merely been given ... you might call it fertiliser, but it is hard to escape the fact that you have in the end only produced more sh!t.
  50. What about Mr. Khan and all those EB-5 visas he’s been getting his buddies from the middle east? Aren’t they supposed to invest at least a million in the USA and create 10 new jobs?

  51. John McLaughlin has died at age 89. Issue one: was the McLaughlin Group a high IQ presentation of contemporary intellectuals? Yes! Issue two: on a scale of one to ten with one being a negligible pittance and ten being metaphysical cetaintude, was the McLaughlin Group an entertaining political conversation each week? The answer is ten. Issue three: In a fair fight between Pat Buchanan and Elenor Clift who would really win?

    Bye Bye John

  52. Anonymous • Disclaimer says:

    Absolutely blows out of the water any notion that massive, uncontrolled third world immigration is ‘economically or fiscally beneficial’ to the USA.

    Yet – you will see precisely that claim repeated ad nauseam, like a religious mantra, by all the so-called ‘heavyweight’ commentators and journals of the establishment.

    The degree of deception and deceit being perpetrated on the general public is mind-blowing in scale and scope.

    • Replies: @Jean Cocteausten
    You have to understand, in this context "benefits the economy" means they spend lots of money on consumer goods. If Mr. Immigrant spends all of his pay on a TV and a pallet of frozen burritos, this "benefits the economy". Never mind that he doesn't pay any tax, the TV was made in China, the burritos were subsidized by the Department of Agriculture, and he has four kids in public schools getting two meals a day courtesy of the taxpayer.
  53. @Anonymous
    I'm sure the Republicans can offer so much more than the Democrats can in order to win their support. Natural born conservatives, and all that.

    The only way the GOP gets their vote is to somehow seem more anti-white than the Democrats. Its hard, as it involves more than policies or campaigning, it means a near-totalitarian control of your base’s opinions.

    Perhaps David Duke should call himself a Democrat again, and sneak his way behind Hillary at one of her rallies like the Orlando terrorist father did.

    • Replies: @boogerbently
    The question is, WHY would the majority vote to subsidize these leeches for life ?
  54. @Louis Renault
    Let me state the obvious. The undercutting of wages affects more Black Americans and affects them more negatively than it does whites.

    IMO, blacks are willing to take some personal economic hit in exchange for causing a far larger amount of pain to white conservatives. Its almost an article of faith on the left that once YT is reduced to a powerless minority as in CA and HI, then full on one-party D rule will deliver a paradise like ANC run South Africa.

  55. @iSteveFan
    Even if legal or illegal immigrants take government bennies, they spend those bennies on things like rent, food and consumables. So the landlords and businesses in the area get increased occupancy/sales which is probably where they are saying they grow the economy.

    Additionally more apartments and houses are needed and their kids create the necessity to build new schools which also adds to the pockets of the builders.

    Don’t forget all the money that the immigrants send back home. Also many Latin American immigrants working here are planning to return when they have a nest egg despite having U.S. citizenship because their money will buy much more in their home countries.

    • Replies: @SWVirginian
    Let's also not forget that a worker only needs 10 years of work to qualify for Social Security.

    So a Latin American worker comes to the US, legally or illegally, gets legalized, works in, oh let's say construction or meat packing for 10 or 12 years, some maybe before he's legal but counted in the amnesty.

    Then he claims he has a bad back, gets SS disability for life, moves back to his country of origin and collects SS for decades, while living in a country where he can live well on a lot less than the US. Multiply by God-know-what who are doing this.

    Think about this whenever you are told that immigrants can save SS.
  56. @candid_observer
    On topic, I hope.

    In comments in the previous thread, I argued for the value of the ideological test Trump proposed.

    George Borjas has weighed in on the issue, presenting a clear case for it, and some enlightening history:

    https://gborjas.org/2016/08/16/on-vetting-immigrants/

    Many thanks for the link to Borjas’ blog. It is down-to-earth and full of information.

  57. @Chrisnonymous
    This could explain why Asian immigeants don't have more. I'm not surprised about Hispanic, ME, and African immigrants, but I would expect Indians and East Asians to be better savers.

    Indians and East Asians have money. They hide their money from the taxman as well as the survey takers. Most Indians I’ve known look at the United State as an entrepôt (forward-based trading station) for selling Indian-based IT or other services from the home country. They didn’t immigrate; they were sent as advanced sales teams. Getting US citizenship gives them the opportunity to low bid on US government and other contracts … with the actual IT work performed in Mumbai or some other location in India.

    Same for East Asians with the taxman. I once had a South Korean woman at a party explain in great detail how the Korean community hides its wealth from the taxman. I doubt if she would have been as forthcoming with a stranger taking a survey.

    • Replies: @dr kill
    We are all hiding money from Teh Taxman. Only fools are still W2 -ing it through life. Ask Steve, he knows.
  58. @res
    Paper is at libgen.io, DOI 10.1177/0731121415589138
    From the paper:

    Beginning with wealth, average net worth for the full sample is almost $63,000. By race/ethnicity, Asians ($83,500) and whites ($92,965) have higher net worth than blacks ($34,318) and
    Latinos ($40,073). Whites have the highest median value ($2,630) followed by Latinos ($500).
    Both Asians and blacks have a median net worth value of $0.
     
    Interesting to see a high average and low median for Asians. Figure 1 has 50,60,70,80,90% net worth quantile results broken down by race.

    About the sample:


    The NIS is a multicohort prospective-retrospective
    longitudinal panel that is nationally representative of immigrants gaining LPR status in 2003
    (Jasso et al. 2006). We use the first wave of the data, which contain 8,573 such LPRs, who were
    at least 18 years of age at LPR receipt. The NIS sample is stratified by visa class of admission:
    spouses of U.S. citizens (20 percent of sample), employment (20 percent), diversity lottery (17
    percent), and a residual category that includes refugees and asylees, spouses of legal permanent
    residents, and adult children (43 percent).
    ...
    Latinos represent the largest proportion of the NIS sample
    (39 percent), followed by Asians (29 percent), whites (20 percent), and blacks (12 percent).
     
    Half of the sample (65% of Latinos) have an English language proficiency of "not well or not at all" (Table 1).

    22% of Blacks and 20% of Whites (?!) were admitted through the diversity lottery (< 5% for Asians and Latinos) (Table 1). 34% of the sample were admitted because of a US spouse, 10% because of employment, and 24% because of a nonspouse family member.

    I know a Romanian family (2 parents, one kid, now adult) who won the diversity visa lottery (University colleagues of one of my parents). They’re upper middle class now. The son is married to an American, if I remember correctly, white picket fence and all that.

    • Replies: @Mike Sylwester
    My son-in-law won a diversity visa in Lithuania, where he had earned a Master's degree in electrical engineering. When he was a teenager, he decided he wanted to emigrate to the USA, but he didn't study English.

    He won the visa in his first attempt at the lottery. He didn't speak any English when he immigrated. Now he owns his own electrician's business and works about 70 hours a week.

    , @res
    Interesting. Thanks for the real life example. I hadn't realized the diversity visa requirements (eligible countries, high school diploma, job history) might imply a different immigrant mix than I expected from the name. For some details see
    http://www.nolo.com/legal-encyclopedia/winning-green-card-visa-lottery-30256.html
    http://www.nolo.com/legal-encyclopedia/do-you-meet-the-education-work-experience-requirements-the-diversity-visa-program.html
    , @Anonymous
    When my Eastern European parents moved to the US on an H1B visa in the early 2000s, they suddenly found themselves surrounded by various friends from high school and college who had arrived on average a decade earlier through the visa lottery. It was odd.

    Then again, basically every young person I knew in my native land in the nineties applied for the lottery every year, so maybe it's not that odd after all.

    But yeah, most of those families are remarkably well integrated in the younger generation. And most of them are voting for Trump in the older first generation (for their kids, integration sadly means they're predominantly feeling the Bern).
  59. Atlantic/”Emerson Collective” author Alexia Fernandez Campbell writes from the perspective of a True Believer in the Catechism of Disparate Impact. Sailer has devoted numerous blog posts over the years to the mismatch between this belief system and reality, including the SJWs’ refusal to countenance the heresy of HBD. If differences in outcome by race can be detected, White Racism is the cause.

    Interestingly, the most-upvoted comment at this writing is by ontarah, who makes a series of common-sense observations that call Ms. Campbell’s (and perhaps the researchers’) conclusions into question.

    Perhaps there is hope for this once-great magazine, or at least for some of its remaining readers.

  60. @George
    Many immigrants have wealth back home. Homeless man with a nice house in Mexico:

    But the homeless man who was killed by police on the streets of San Francisco, on 7 April 2016, had a name, and he had a home.

    His name was Luis Demetrio Góngora Pat, and his home was a modest, one-story house a few blocks from the central square of the tiny Mayan village of Teabo, in the Mexican province of Yucatán.

    It was a house built slowly, room by room, over the course of seven years, with the remittances [at the bottom of the article is a picture of their home]

    https://www.theguardian.com/society/2016/aug/12/luis-gongora-san-francisco-police-shooting-homelessness

    Btw, if the above person showed up in the ER and demanded healthcare he would get it without being billed or a lien being put on his house in Mexico. Don't any of you try that.

    When I lived in Brooklyn my barber was a refugee from the balkan civil war, brought to you by NATO. He once told me "Land? Why die for land? I left and became barber here." He had a picture of a mansion with a very pretty lady in front. It was the house he was building back home. I suspect my barber's reported net worth was zero.

    Many of the immigrants that actually have zero net worth are either family members of successful immgrants, for example parents brought here and collecting SSI, or children. How are they calculating the numbers? Many immigrants to the US are actually slaves, why would you expect them to have assets?

    … the balkan civil war, brought to you by NATO …

    It’s too bad that you spoiled your generally sensible comment with this gratuitous bit of nonsense.

  61. @Romanian
    I know a Romanian family (2 parents, one kid, now adult) who won the diversity visa lottery (University colleagues of one of my parents). They're upper middle class now. The son is married to an American, if I remember correctly, white picket fence and all that.

    My son-in-law won a diversity visa in Lithuania, where he had earned a Master’s degree in electrical engineering. When he was a teenager, he decided he wanted to emigrate to the USA, but he didn’t study English.

    He won the visa in his first attempt at the lottery. He didn’t speak any English when he immigrated. Now he owns his own electrician’s business and works about 70 hours a week.

  62. @Anonymous
    Absolutely blows out of the water any notion that massive, uncontrolled third world immigration is 'economically or fiscally beneficial' to the USA.

    Yet - you will see precisely that claim repeated ad nauseam, like a religious mantra, by all the so-called 'heavyweight' commentators and journals of the establishment.

    The degree of deception and deceit being perpetrated on the general public is mind-blowing in scale and scope.

    You have to understand, in this context “benefits the economy” means they spend lots of money on consumer goods. If Mr. Immigrant spends all of his pay on a TV and a pallet of frozen burritos, this “benefits the economy”. Never mind that he doesn’t pay any tax, the TV was made in China, the burritos were subsidized by the Department of Agriculture, and he has four kids in public schools getting two meals a day courtesy of the taxpayer.

  63. Maybe they don’t have $500 to their names, but don’t worry, they do have the full force of the American welfare state and the faith and promise of the American taxpayer on their side. So it will all work out for the best.

  64. @iSteveFan
    Please don't mention Teddy Kennedy. There are others who wrote the legislation who are more deserving of such praise despite what Ann Coulter says.

    Please don’t mention Teddy Kennedy. There are others who wrote the legislation who are more deserving of such praise despite what Ann Coulter says.

    Like (((Emanuel Celler))).

  65. @George Taylor
    It certainly implies that only 20% of legal immigration is White. Thank you Teddy Kennedy.

    “It certainly implies that only 20% of legal immigration is White. Thank you Teddy Kennedy.”

    Sure, it was all Ted Kennedy’s doing.

    Hart Celler Act

    “Representative Emanuel Celler of New York proposed the bill, Senator Philip Hart of Michigan co-sponsored it, and Senator Ted Kennedy of Massachusetts helped to promote it.”

    • Replies: @Ivy
    Maybe somebody told Teddy that either his brains or his signature would be on that legislation sponsorship.
  66. @candid_observer
    On topic, I hope.

    In comments in the previous thread, I argued for the value of the ideological test Trump proposed.

    George Borjas has weighed in on the issue, presenting a clear case for it, and some enlightening history:

    https://gborjas.org/2016/08/16/on-vetting-immigrants/

    It seems George is not aware that the oath immigrants make has been made meaningless by Obama:

    USCIS Clarifies Eligibility Requirements for Modifications to the Oath of Allegiance

    Effective July 21, 2015, new guidance (PA-2015-001) in the USCIS Policy Manual clarifies the eligibility requirements for modifications to the Oath of Allegiance.

    Reciting the Oath is part of the naturalization process. Candidates for citizenship normally declare that they will “bear arms on behalf of the United States” and “perform noncombatant service in the Armed Forces of the United States” when required by the law.

    A candidate may be eligible to exclude these two clauses based on religious training and belief or a conscientious objection. The new guidance clarifies that a candidate:

    May be eligible for modifications based on religious training and belief, or conscientious objection arising from a deeply held moral or ethical code.
    Is not required to belong to a specific church or religion, follow a particular theology or belief, or to have had religious training in order to qualify.
    May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility.
    This guidance updates Volume 12 of the Policy Manual.

    To provide feedback on this guidance, please visit Policy Manual for Comment no later than August 4, 2015.

    Key phrase:
    “May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility.”

    https://www.uscis.gov/news/alerts/uscis-clarifies-eligibility-requirements-modifications-oath-allegiance

    • Replies: @epebble
    I have seen this before; but can't seem to understand what is the significance. CO status has been there for a long time; much used during Vietnam. What is wrong in allowing greater honesty in the oath than forcing the new citizens to disemble?
  67. The authors of the article got paid by this outfit to write the article:

    “This article is part of our Next America: Communities project, which is supported by a grant from Emerson Collective.

    http://www.emersoncollective.com/

    Emerson Collective is run by the wife of Steve “Open Borders” Jobs and supported by Silicon Valley oligarchs

    http://bits.blogs.nytimes.com/2013/05/24/laurene-powell-jobs-and-anonymous-giving-in-silicon-valley/?_r=0

    “…Emerson can make grants, for-profit investments and political donations — and does not have to publicly report its donations as a foundation does.”

    • Replies: @Triumph104
    These type of studies are always done on the behalf of business industries. Corporations are worried about maintaining market share as the demographics of the country changes. The article above was done on behalf of the financial services industry which is why it mentions that "Hispanics in general, less likely to invest in stocks, bonds, and mutual funds”.


    When it was determined that blacks spend more money on groceries we got propaganda on food desserts, public schools started serving free breakfast regardless of need, stores were allowed to accept food stamps/EBT for cooked foods, and the USDA expanded its Summer Food Service Program. This allowed blacks to save on groceries and the money they saved could hopefully be spent on things blacks tend to spend less money on like "new cars, alcohol, entertainment, health care, and pensions."

    http://www.marketplace.org/2014/02/07/your-money/ask-money/black-buying-power-hits-11-trillion-what-does-it-mean
  68. @wren
    I often see media quotes to the effect that all these immigrants grow the economy, but the methodology is not explained.

    If non-white immigrants essentially have no net-worth, I wonder what their cost to the government is.

    They may save their employers a few bucks, but everyone else may be picking up the bill.

    What are the numbers though?

    What’s going to happen when a other bubble pops?
    Are they going to be “too big to fail” or can we let them fail.

  69. “Their research, published in June in the journal Sociological Perspectives, analyzed data from the New Immigrant Survey of 2003, which captured the experiences of more than 8,000 permanent residents who had been living in the United States for less than 10 years.”

    The only interviews they may have done were of the housemaids, gardeners and the caretakers of the silicon valley billionaires who do not pay these types of workers anywhere close living wage.

  70. Of course, under our generous system of give-aways, immigrants don’t need to accumulate “wealth”, especially since life on handouts in the USA beats life in most of the rest of the world hands down.

    Once again, I’d ask who the smart ones are in this relationship.

  71. The Impact of Low-Skilled Immigration on the Youth Labor Market
    Christopher L. Smith∗
    Federal Reserve Board of Governors
    December 2009

    “Despite a slight increase in schooling rates in response to immigration, I find little evidence that reduced employment rates are associated with higher earnings ten years later in life. This raises the possibility that an immigration‐induced reduction in youth employment, on net, hinders youths’ human capital accumulation.”

    https://www.federalreserve.gov/pubs/feds/2010/201003/201003pap.pdf

    Yes, Chris was allowed to keep his job
    https://www.federalreserve.gov/econresdata/christopher-l-smith.htm

  72. @Alfa158
    Actually I'm afraid it could be even worse that that, because the percentage of immigrants who are White is not determinable from the data quoted here, except to say that the absolute highest percentage that could be White is 40%.
    Example:
    If only 2% of immigrants are White , then:
    1% of all immigrants are Whites worth more than $500.
    1% of immigrants are Whites worth less than $500.
    79% of immigrants are non-Whites worth less than $500.
    19% of immigrants are Non-Whites worth more than $500.
    From what I see where I live 2% sounds closer to the truth.

    No need to wonder. The Census Department counts. As of 2010, 17% of legal immigrants living in the US were from Europe, 2% from Canada and 37% from Asia. The 19% from Europe and Canada is probably a pretty good proxy for the number of white immigrants. Not all European and Canadians are white, but on the other hand, there are a fair number of white Conquistador-Americans from Cuban and Latin America that offset the leakage.

  73. I wonder how many of those immigrants have taken out student loans:

    Writing Off Student Loans Is Only a Matter of Time
    “Thanks in large part to Obama policies, only 37% of borrowers are paying down their student loans.”

    “… the federal student-loan program more closely resembles the payday-lending industry than a benevolent source of funds for college.”

    http://www.wsj.com/articles/writing-off-student-loans-is-only-a-matter-of-time-1471303339

    Hood winked again by Obama

  74. @Romanian
    I know a Romanian family (2 parents, one kid, now adult) who won the diversity visa lottery (University colleagues of one of my parents). They're upper middle class now. The son is married to an American, if I remember correctly, white picket fence and all that.

    Interesting. Thanks for the real life example. I hadn’t realized the diversity visa requirements (eligible countries, high school diploma, job history) might imply a different immigrant mix than I expected from the name. For some details see
    http://www.nolo.com/legal-encyclopedia/winning-green-card-visa-lottery-30256.html
    http://www.nolo.com/legal-encyclopedia/do-you-meet-the-education-work-experience-requirements-the-diversity-visa-program.html

  75. Half of all jobs (> $60k/y) coding related
    In the future there will be two kinds of jobs. Workers will either

    Tell computers what to do

    or

    Be told by computers what to do

    http://burning-glass.com/wp-content/uploads/Beyond_Point_Click_final.pdf

    via: http://infoproc.blogspot.com/2016/08/half-of-all-jobs-60ky-coding-related.html

  76. Anonymous • Disclaimer says:
    @Romanian
    I know a Romanian family (2 parents, one kid, now adult) who won the diversity visa lottery (University colleagues of one of my parents). They're upper middle class now. The son is married to an American, if I remember correctly, white picket fence and all that.

    When my Eastern European parents moved to the US on an H1B visa in the early 2000s, they suddenly found themselves surrounded by various friends from high school and college who had arrived on average a decade earlier through the visa lottery. It was odd.

    Then again, basically every young person I knew in my native land in the nineties applied for the lottery every year, so maybe it’s not that odd after all.

    But yeah, most of those families are remarkably well integrated in the younger generation. And most of them are voting for Trump in the older first generation (for their kids, integration sadly means they’re predominantly feeling the Bern).

    • Replies: @Mike Sylwester

    When my Eastern European parents moved to the US on an H1B visa in the early 2000s, they suddenly found themselves surrounded by various friends from high school and college who had arrived on average a decade earlier through the visa lottery. ... most of those families ... are voting for Trump in the older first generation
     
    My Lithuanian son-in-law who won a lottery visa and now owns an electrician business seems to be a Trump supporter.
  77. @iSteveFan
    Even if legal or illegal immigrants take government bennies, they spend those bennies on things like rent, food and consumables. So the landlords and businesses in the area get increased occupancy/sales which is probably where they are saying they grow the economy.

    Additionally more apartments and houses are needed and their kids create the necessity to build new schools which also adds to the pockets of the builders.

    “… spend those bennies on things like rent, food and consumables.”

    I have economics training, so I get the whole multiplier schtick people apply to this to say it grows the economy to have these peoples’ purchasing, but to be frank, it is utter BS. You are taxing away, or, worse still, borrowing money to cover the bennies from other more productive sources, so you are seriously misallocating money from productive, value-additive persons or projects and dissipating it across an ever increasing sink-hole of bennies consumers ….

    Think of the natural output that comes from someone to whom food has merely been given … you might call it fertiliser, but it is hard to escape the fact that you have in the end only produced more sh!t.

  78. @Old fogey
    Don't forget all the money that the immigrants send back home. Also many Latin American immigrants working here are planning to return when they have a nest egg despite having U.S. citizenship because their money will buy much more in their home countries.

    Let’s also not forget that a worker only needs 10 years of work to qualify for Social Security.

    So a Latin American worker comes to the US, legally or illegally, gets legalized, works in, oh let’s say construction or meat packing for 10 or 12 years, some maybe before he’s legal but counted in the amnesty.

    Then he claims he has a bad back, gets SS disability for life, moves back to his country of origin and collects SS for decades, while living in a country where he can live well on a lot less than the US. Multiply by God-know-what who are doing this.

    Think about this whenever you are told that immigrants can save SS.

  79. @Bill Jones
    Meanwhile, back on the late Milwaukee unpleasantness, here's a pic of the Milwaukee Common Council
    http://milwaukeenns.org/wp-content/uploads/2016/06/26898846204_9b9c5fc7a6_k.jpg

    City is 37% white, so that looks about right.

  80. @newrouter
    $500 is a low bar these days.

    $500 is next month’s rent expense, and living paycheck to paycheck–not a definition of wealth. It’s a definition of poverty.

  81. @Anon
    How do they define white?

    “How do they define white?”

    They most likely define it just like the U.S census, meaning not limited to European immigrants.

  82. @AndrewR

    Two sociologists recently looked into whether the barriers facing people of color in the U.S. make it harder for most new arrivals to build wealth.
     
    What barriers do "people of color" actually face in 2016? Only the ones too stupid to know how to work the system (which is not hard to work) face any actual barriers.

    Doesn’t it seem slightly absurd that when they

    recently looked into whether the barriers facing people of color in the U.S.

    they used data from 2003?

  83. @Dr. X

    The undercutting of wages affects more Black Americans and affects them more negatively than it does whites.
     
    True, but so many blacks are already on the government teat (and I'm including blacks who are employed because of government-forced affirmative action in that category) that as a class, they're already bought and paid for by the socio-political elites.

    Not so for most of the white working class, so the wage warfare must necessarily take place between the native-born whites and the nonwhite immigrants.

    they’re already bought and paid for by the socio-political elites.

    Or, they’re very good at shaking down whites.

  84. @Anon
    How do they define white?

    That’s not money laundering. That’s shifting assets. This is money laundering:

    http://www.wisebread.com/how-to-launder-money

  85. Well, I’m not a Marxist, but I’ve got to admit that sometimes a Marxist explanation is the most parsimonious. So here goes: by letting nonwhite immigrants with a net worth of less than $500 (for whom the minimum wage is a fortune) into the country, the crony capitalist elite can undercut the wages of the American-born white working class, with the added benefit of fomenting racial and cultural conflict to keep the proletariat fighting amongst themselves — and thus not uniting to challenge the crony capitalist elite.

    If the nonwhite immigrants are unable to hold a minimum wage job and turn out to be welfare leeches, the elites can merely add the cost to the $20 trillion national debt. Win-win for them.

    Well, the Democrat Party is the main champion of mass immigration and open borders (in the West; not Israel, nossir), while the Republican Party is home to the only resistance to mass immigration and open borders, so maybe you’ve missed the part where the crony capitalists are leftists. Or something.

    Unless that’s what you meant by “Marxist explanation”…

  86. IMO, blacks are willing to take some personal economic hit in exchange for causing a far larger amount of pain to white conservatives. Its almost an article of faith on the left that once YT is reduced to a powerless minority as in CA and HI, then full on one-party D rule will deliver a paradise like ANC run South Africa.

    IMO, blacks don’t do much thinking about politics, and what thinking they do is superficial. It’s all received wisdom and narrative regurgitation. And “which lever do I pull again, boss?” They trade their votes for handouts of YT’s tax money. Black “leaders” arrange the deals and deliver marching orders.

  87. @Bill Jones
    Meanwhile, back on the late Milwaukee unpleasantness, here's a pic of the Milwaukee Common Council
    http://milwaukeenns.org/wp-content/uploads/2016/06/26898846204_9b9c5fc7a6_k.jpg

    I think the speaker is sporting a MAGA lapel button. Cool.

  88. @guest
    I wonder if these sociologists included Brains of Color as one of the barriers making it harder for People of Color to save money.

    Bam!!!!!

  89. @Maj. Kong
    The only way the GOP gets their vote is to somehow seem more anti-white than the Democrats. Its hard, as it involves more than policies or campaigning, it means a near-totalitarian control of your base's opinions.

    Perhaps David Duke should call himself a Democrat again, and sneak his way behind Hillary at one of her rallies like the Orlando terrorist father did.

    The question is, WHY would the majority vote to subsidize these leeches for life ?

  90. anon • Disclaimer says:

    1) The cheap labor lobby on the Right want the majority of immigrants to be cheap labor.

    2) The cheap vote lobby on the Left want the majority of immigrants to be cheap labor so they’ll vote Democrat.

    So both sides *want* the majority of immigrants to be low IQ with no long term prospects.

    The consequences of deliberately building up this massive pool of resentment will be dire.

  91. @TheJester
    Indians and East Asians have money. They hide their money from the taxman as well as the survey takers. Most Indians I've known look at the United State as an entrepôt (forward-based trading station) for selling Indian-based IT or other services from the home country. They didn't immigrate; they were sent as advanced sales teams. Getting US citizenship gives them the opportunity to low bid on US government and other contracts ... with the actual IT work performed in Mumbai or some other location in India.

    Same for East Asians with the taxman. I once had a South Korean woman at a party explain in great detail how the Korean community hides its wealth from the taxman. I doubt if she would have been as forthcoming with a stranger taking a survey.

    We are all hiding money from Teh Taxman. Only fools are still W2 -ing it through life. Ask Steve, he knows.

    • Replies: @Steve Sailer
    Not me.
    , @Jefferson
    "We are all hiding money from the Taxman."

    Just ask 50 Cent.
  92. @dr kill
    We are all hiding money from Teh Taxman. Only fools are still W2 -ing it through life. Ask Steve, he knows.

    Not me.

    • Replies: @Jefferson
    "Not me."

    Of course you don't Steve, wink wink.
  93. @Anonymous
    When my Eastern European parents moved to the US on an H1B visa in the early 2000s, they suddenly found themselves surrounded by various friends from high school and college who had arrived on average a decade earlier through the visa lottery. It was odd.

    Then again, basically every young person I knew in my native land in the nineties applied for the lottery every year, so maybe it's not that odd after all.

    But yeah, most of those families are remarkably well integrated in the younger generation. And most of them are voting for Trump in the older first generation (for their kids, integration sadly means they're predominantly feeling the Bern).

    When my Eastern European parents moved to the US on an H1B visa in the early 2000s, they suddenly found themselves surrounded by various friends from high school and college who had arrived on average a decade earlier through the visa lottery. … most of those families … are voting for Trump in the older first generation

    My Lithuanian son-in-law who won a lottery visa and now owns an electrician business seems to be a Trump supporter.

    • Replies: @Romanian
    Seems? You mean you haven't had The Talk? If you won't even coordinate with your son-in-law, no wonder the clannish people are running laps around generic Americans in politics.
  94. @Steve Sailer
    Not me.

    “Not me.”

    Of course you don’t Steve, wink wink.

  95. @dr kill
    We are all hiding money from Teh Taxman. Only fools are still W2 -ing it through life. Ask Steve, he knows.

    “We are all hiding money from the Taxman.”

    Just ask 50 Cent.

  96. @Mr. Anon
    "It certainly implies that only 20% of legal immigration is White. Thank you Teddy Kennedy."

    Sure, it was all Ted Kennedy's doing.

    Hart Celler Act

    "Representative Emanuel Celler of New York proposed the bill, Senator Philip Hart of Michigan co-sponsored it, and Senator Ted Kennedy of Massachusetts helped to promote it."

    Maybe somebody told Teddy that either his brains or his signature would be on that legislation sponsorship.

  97. @jill
    It seems George is not aware that the oath immigrants make has been made meaningless by Obama:

    USCIS Clarifies Eligibility Requirements for Modifications to the Oath of Allegiance

    Effective July 21, 2015, new guidance (PA-2015-001) in the USCIS Policy Manual clarifies the eligibility requirements for modifications to the Oath of Allegiance.

    Reciting the Oath is part of the naturalization process. Candidates for citizenship normally declare that they will “bear arms on behalf of the United States” and “perform noncombatant service in the Armed Forces of the United States” when required by the law.

    A candidate may be eligible to exclude these two clauses based on religious training and belief or a conscientious objection. The new guidance clarifies that a candidate:

    May be eligible for modifications based on religious training and belief, or conscientious objection arising from a deeply held moral or ethical code.
    Is not required to belong to a specific church or religion, follow a particular theology or belief, or to have had religious training in order to qualify.
    May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility.
    This guidance updates Volume 12 of the Policy Manual.

    To provide feedback on this guidance, please visit Policy Manual for Comment no later than August 4, 2015.

    Key phrase:
    "May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility."

    https://www.uscis.gov/news/alerts/uscis-clarifies-eligibility-requirements-modifications-oath-allegiance

    I have seen this before; but can’t seem to understand what is the significance. CO status has been there for a long time; much used during Vietnam. What is wrong in allowing greater honesty in the oath than forcing the new citizens to disemble?

    • Replies: @jill
    A US citizen has to jump through hoops to obtain conscientious objector status:

    http://girightshotline.org/en/military-knowledge-base/topic/conscientious-objection-discharge

    It seems an immigrant can now grant him/herself that status upon entry into the US practically unchallenged:

    “May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility.”

    When that immigrant becomes subject to the draft, he/she will merely waive their entry papers and declare they were already approved for CO status
  98. @Mike Sylwester

    When my Eastern European parents moved to the US on an H1B visa in the early 2000s, they suddenly found themselves surrounded by various friends from high school and college who had arrived on average a decade earlier through the visa lottery. ... most of those families ... are voting for Trump in the older first generation
     
    My Lithuanian son-in-law who won a lottery visa and now owns an electrician business seems to be a Trump supporter.

    Seems? You mean you haven’t had The Talk? If you won’t even coordinate with your son-in-law, no wonder the clannish people are running laps around generic Americans in politics.

  99. @epebble
    I have seen this before; but can't seem to understand what is the significance. CO status has been there for a long time; much used during Vietnam. What is wrong in allowing greater honesty in the oath than forcing the new citizens to disemble?

    A US citizen has to jump through hoops to obtain conscientious objector status:

    http://girightshotline.org/en/military-knowledge-base/topic/conscientious-objection-discharge

    It seems an immigrant can now grant him/herself that status upon entry into the US practically unchallenged:

    “May submit, but is not required to provide, an attestation from a religious or other type of organization, as well as other evidence to establish eligibility.”

    When that immigrant becomes subject to the draft, he/she will merely waive their entry papers and declare they were already approved for CO status

  100. @jill
    The authors of the article got paid by this outfit to write the article:

    "This article is part of our Next America: Communities project, which is supported by a grant from Emerson Collective.

    http://www.emersoncollective.com/

    Emerson Collective is run by the wife of Steve "Open Borders" Jobs and supported by Silicon Valley oligarchs

    http://bits.blogs.nytimes.com/2013/05/24/laurene-powell-jobs-and-anonymous-giving-in-silicon-valley/?_r=0

    "...Emerson can make grants, for-profit investments and political donations — and does not have to publicly report its donations as a foundation does."

    These type of studies are always done on the behalf of business industries. Corporations are worried about maintaining market share as the demographics of the country changes. The article above was done on behalf of the financial services industry which is why it mentions that “Hispanics in general, less likely to invest in stocks, bonds, and mutual funds”.

    When it was determined that blacks spend more money on groceries we got propaganda on food desserts, public schools started serving free breakfast regardless of need, stores were allowed to accept food stamps/EBT for cooked foods, and the USDA expanded its Summer Food Service Program. This allowed blacks to save on groceries and the money they saved could hopefully be spent on things blacks tend to spend less money on like “new cars, alcohol, entertainment, health care, and pensions.”

    http://www.marketplace.org/2014/02/07/your-money/ask-money/black-buying-power-hits-11-trillion-what-does-it-mean

  101. […] an ageing population, something most Occidental countries are struggling with. As Steve Sailer notes a great many legal migrants are low-income. In fact, only White immigrants had a median net worth of […]

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