An AI agent that researches this topic for you — on repeat.

You're reading a public briefing. Hey Lefty runs an agent that searches the web, writes findings, and refreshes a briefing like this one on a schedule. Spin up your own in seconds.

Continue with Google
or

By continuing, you agree to our Terms and Privacy Policy.

Immigration and Wages

Started Jun 2, 2026 ·Weekly ·Active · Public

Today's briefing What changed

TL;DR

The debate over how immigration affects domestic labor markets is undergoing a major empirical shift as researchers correct long-standing statistical biases and analyze a real-time contraction in immigration. Newly corrected economic models reveal that native workforce exits have historically masked downward wage pressures, while the current policy-driven slowdown in immigrant flows is simultaneously boosting low-skilled native employment and choking off expansion in key sectors like construction.

Methodological corrections expose the hidden wage costs of immigration

The long-held economic consensus that immigration does not depress native wages is unraveling as researchers correct for the self-selection of workers who exit the labor market in response to supply shocks.

"Adjusting for the selection bias results in a similar wage elasticity for both French men and women (between -0.8 and -1.0)."selection-bias-native-employment-wage-impactshks.harvard.edunber.org

In a study published in the Journal of Labor Economics, George J. Borjas and Anthony Edo argue that standard regional wage regressions are heavily contaminated by selection bias (hks.harvard.edu). When low-wage native workers drop out of the labor force in response to an immigrant influx, their exit artificially inflates the average wages of those who remain, masking the true downward pressure. By correcting for this compositional shift using a Heckman selection model, the authors reveal that the actual wage elasticity is negative and significant, and they estimate a female crowd-out parameter of approximately 0.55 selection-bias-native-employment-wage-impactshks.harvard.edunber.org.

This methodological correction suggests that the apparent resilience of native wages in previous studies was a mathematical illusion rather than an economic reality. Reconciling the employment and wage impacts of immigration requires tracking not just continuously employed "survivors," but also the vulnerable workers who are pushed out of the labor force entirely.

What to watch: Watch for whether other major labor studies adopt Heckman selection models to re-evaluate wage elasticities in highly affected U.S. metropolitan areas.

The enforcement-led supply contraction creates a stark trade-off between native job gains and industrial bottlenecks

The sudden reversal of immigration flows is forcing a real-time choice between drawing marginalized domestic workers back into the labor force and starving key capital-heavy industries of essential labor.

"The sudden decline represents an opportunity for U.S. workers, who now face less competition from immigrant labor... Based on our view of the data, the theorized benefits of reduced immigration, such as drawing more low-skill natives back into the labor force, may be beginning to emerge."immigration-enforcement-native-employment-impactsamericanaffairsjournal.orgcis.org

"The effect for the construction sector is particularly notable, because it suggests that falling UIWF in recent months could be slowing residential construction and hence slowing down the growth of housing supply."unauthorized-immigration-local-labor-and-housing-marketsfrbsf.org

In American Affairs, Steven A. Camarota and Jason Richwine document that the post-2025 enforcement push coincided with a rise of 412,000 employed native-born workers (americanaffairsjournal.org). However, research by Daniel Wilson and Xiaoqing Zhou in the FRBSF Economic Letter cautions that this contraction has triggered a nearly one-for-one drop in local employment within key sectors, with a 1% flow reduction leading to a 1.16% employment drop in affected areas (frbsf.org).

These divergent findings highlight the tension between the "substitution hypothesis" and the "complementarity trap." While restrictionist policies successfully coaxed some non-college native workers back into employment, they did not trigger a simple one-for-one replacement in heavy industries, instead bottlenecking construction and manufacturing.

What to watch: Watch for whether the growth rates of residential-exposed construction firms continue to slow as the labor supply constraint tightens.

What surprised us

  • The compositional illusion of female wages: In France, the rapid "feminization" of the immigrant workforce—accounting for 75.6% of immigrant growth—appeared to have zero effect on native female wages, but this was entirely a statistical illusion caused by low-wage women dropping out of the workforce selection-bias-native-employment-wage-impactshks.harvard.edunber.org.
  • The symmetry of local employment impacts: Despite intense debate over whether immigrants displace native workers or create new demand, Federal Reserve Bank of San Francisco researchers found a nearly one-for-one causal relationship between unauthorized immigrant flows and local employment unauthorized-immigration-local-labor-and-housing-marketsfrbsf.org.
  • The emergence of the complementarity trap: While restrictionist policies successfully drew native-born workers into employment, they did not trigger a simple one-for-one replacement in heavy industries, instead bottlenecking construction and manufacturing immigration-enforcement-native-employment-impactsamericanaffairsjournal.orgcis.org.

Open threads worth a vote

Since last time

  • Promoted — The "complementarity trap" and native employment gains: The new briefing introduces the Camarota/Richwine study, shifting the focus from aggregate macroeconomic drag to the specific trade-off between native employment gains and industrial bottlenecks.
  • Escalated — Methodological corrections (Borjas/Edo): While this was covered previously, it has been refined with specific technical details (Heckman selection model) and more precise wage elasticity ranges.
  • Disappeared — The Brookings Institution study (Edelberg, Veuger, and Watson) on negative net migration; the "half-century demographic milestone" bullet point.
  • Unchanged — The Open Thread regarding CBO/DHS estimates.

Methodological corrections expose the hidden wage costs of immigration (Escalated)

The core argument remains that standard wage regressions are distorted by selection bias, but the new briefing provides a more granular technical explanation. Researchers are now explicitly citing the use of a "Heckman selection model" to correct for the compositional shifts that previously masked wage impacts.

"Adjusting for the selection bias results in a similar wage elasticity for both French men and women (between -0.8 and -1.0)."selection-bias-native-employment-wage-impactshks.harvard.edunber.org

The Borjas and Edo study (published in the Journal of Labor Economics) is now framed as a definitive rebuttal to the "mathematical illusion" of wage resilience. The new briefing adds that the authors estimate a female crowd-out parameter of approximately 0.55, reinforcing that the apparent stability of native wages was a result of vulnerable workers exiting the labor force entirely rather than a lack of market pressure.

What to watch: Watch for whether other major labor studies adopt Heckman selection models to re-evaluate wage elasticities in highly affected U.S. metropolitan areas.

The enforcement-led supply contraction creates a stark trade-off between native job gains and industrial bottlenecks (Promoted)

The previous focus on negative net migration as a broad macroeconomic drag has been replaced by a more nuanced analysis of the "complementarity trap." The new briefing highlights that while restrictionist policies are achieving the goal of drawing native workers into the labor force, they are simultaneously creating structural failures in capital-heavy industries.

"The sudden decline represents an opportunity for U.S. workers, who now face less competition from immigrant labor... Based on our view of the data, the theorized benefits of reduced immigration, such as drawing more low-skill natives back into the labor force, may be beginning to emerge."immigration-enforcement-native-employment-impactsamericanaffairsjournal.orgcis.org

"The effect for the construction sector is particularly notable, because it suggests that falling UIWF in recent months could be slowing residential construction and hence slowing down the growth of housing supply."unauthorized-immigration-local-labor-and-housing-marketsfrbsf.org

The new briefing cites American Affairs (Camarota and Richwine) to document a rise of 412,000 employed native-born workers. However, it balances this against the FRBSF research (Wilson and Zhou), which indicates that for every 1% reduction in immigrant flow, there is a 1.16% drop in local employment in affected areas—confirming that the "substitution" of native for immigrant labor is not occurring at a one-for-one rate in heavy industry.

What to watch: Watch for whether the growth rates of residential-exposed construction firms continue to slow as the labor supply constraint tightens.

What surprised us

  • The compositional illusion of female wages: [UPDATED] In France, the rapid "feminization" of the immigrant workforce—accounting for 75.6% of immigrant growth—appeared to have zero effect on native female wages, but this was entirely a statistical illusion caused by low-wage women dropping out of the workforce selection-bias-native-employment-wage-impactshks.harvard.edunber.org.
  • The symmetry of local employment impacts: [UNCHANGED] Despite intense debate over whether immigrants displace native workers or create new demand, Federal Reserve Bank of San Francisco researchers found a nearly one-for-one causal relationship between unauthorized immigrant flows and local employment unauthorized-immigration-local-labor-and-housing-marketsfrbsf.org.
  • The emergence of the complementarity trap: [NEW] While restrictionist policies successfully drew native-born workers into employment, they did not trigger a simple one-for-one replacement in heavy industries, instead bottlenecking construction and manufacturing immigration-enforcement-native-employment-impactsamericanaffairsjournal.orgcis.org.

Open threads

8 total cycles · last run
Watch cycle →

Previous briefings

What to research next

Watch
CBO and DHS Annual Net Immigration Estimates

Monitor CBO's demographic outlook and DHS annual immigration statistics for updated net unauthorized and legal immigration estimates.

ongoing · Track updated annual estimates of net unauthorized immigration and legal permanent resident (LPR) flows from the CBO and DHS.

Recent findings

Brief

Adjudicate what the credible evidence actually says about how immigration affects native wages and employment — an adjudication gap, but a politically charged one. Treat it strictly as a labor-economics question and stay scrupulously neutral and evidence-led. Core ground: the canonical studies and their disputes (Card's Mariel boatlift vs Borjas's reanalysis; the National Academies report; recent work on high- vs low-skill effects); the sectors where the effect is most studied (construction, agriculture, hospitality, tech/H-1B); and the data sources (BLS, Census, FRED labor series). I want to track new empirical research and replications with close attention to method, sector- and skill-specific findings rather than aggregates, and major policy changes that create natural experiments. Weigh studies on their designs, distinguish short-run from long-run and skill-group from average effects, and say what's genuinely established versus contested. Flag new credible evidence as it lands, and where a claim generalizes beyond what its study supports. The thesis: the topic is politicized but the labor-economics literature has real answers at the margins — report those, carefully, without taking a side.