https://www.msn.com/en-us/money/markets ... ddb4&ei=64
While he used to argue that immigration and trade benefits outweighed domestic harms, Deaton now acknowledges prioritizing efficiency over fairness and stability.
“Longer-term analysis over the past century and a half tells a different story. Inequality was high when America was open [to migration], was much lower when the borders were closed [to migrants], and rose again post Hart-Celler (the Immigration and Nationality Act of 1965) as the fraction of foreign-born people rose back to its levels in the Gilded Age,” he said.