Let Them All In? How Immigration Can Help The Economy | Learn Liberty

► Did this video leave you with big questions? Ask them in the comments with hashtag #KeepAskingWhy!What if we could add trillions of dollars to the global economy and improve the lives of billions of people with a single, unpopular, policy change? Professor Ben Powell explains that the consensus among economists is that free trade between countries creates huge gains in prosperity. The same thing happens when you have free trade in labor- in other words, open immigration.► Sources:“ If only 5% of the population in poorer countries immigrated to richer countries global incomes would rise by four to nine trillion dollars.”Clemens, Michael A. 2011. "Economics and Emigration: Trillion-Dollar Bills on the Sidewalk?"Journal of Economic Perspectives, 25(3): 83-106. www.jstor.org/stable/23049424“When an unskilled Haitian moves to the United States, their pay rises by more than 1000%.”Clemens, Michael A. 2011. "Economics and Emigration: Trillion-Dollar Bills on the Sidewalk?"Journal of Economic Perspectives, 25(3): 83-106. www.jstor.org/stable/23049424“Most studies show that on the whole those harms are nonexistent or minor, temporary, and clustered on only a small portion of the population. Free trade in labor brings economic gains to virtually everyone in the long run.”“Economic Effects of International Labor Mobility” http://www.depts.ttu.edu/freemarketinstitute/docs/TheEconomicEffectsofInternationalLaborMobility.pdf► Learn More:Leaving Trillion Dollar Bills on the Sidewalk? Center for Global Development: http://www.cgdev.org/blog/migration-and-trillion-dollar-bills-sidewalk-michael-clemens-0Interview with Michael Clemens on Aid, Migration, and Poverty: http://www.econtalk.org/archives/2013/07/clemens_on_aid.htmlThe Fiscal Impact of Immigration: http://www.cato.org/publications/working-paper/fiscal-impact-immigrationfImmigration’s Real Impact on Wages and Employment: http://www.cato.org/blog/immigrations-real-impact-wages-employment► http://LearnLiberty.org► http://twitter.com/LearnLiberty► http://google.com/+LearnLiberty► http://facebook.com/LearnLiberty► http://youtube.com/user/LearnLiberty