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Re: conix post# 475717

Saturday, 05/25/2024 1:48:24 AM

Saturday, May 25, 2024 1:48:24 AM

Post# of 579377
America was already thriving in 1924. And if anyone wants to know more about the Immigration Act of 1924, see here:

https://en.wikipedia.org/wiki/Immigration_Act_of_1924

And contrary to what you claim:

The act had negative economic effects. Economists have argued that both innovation and employment were negatively affected by the restrictions. In a 2020 paper, the economists Petra Moser and Shmuel San demonstrated that the drastic reduction in immigration from Eastern and Southern European scientists led to fewer new patents, not only from immigrants but also from native-born scientists working in their fields.[56] Even the mass migration of unskilled workers had been a spur to innovation, according to a paper by Kirk Doran and Chungeun Yoon, who found "using variation induced by 1920s quotas, which ended history's largest international migration" that "inventors in cities and industries exposed to fewer low-skilled immigrants applied for fewer patents."[57] Nor did US-born workers benefit, according to a 2023 study in the American Economic Journal. Farming, a sector of the economy highly reliant on migrant labor, shifted towards more capital-intensive forms of agriculture, whereas the mining industry, another immigrant-reliant industry, contracted.[58]

Again, read the Wikipedia article, which is only a starting point for anyone actually interested in all this.

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