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UK Central Bank researchers calculate immigration causes lower wages for those on lower rung

21/12/2015

9 Comments

 
​The latest research report published with the help of the the Bank of England, "The impact of immigration on occupational wages: evidence from Britain", concludes that migration has had a significant, negative effect on the pay workers in the UK. UKIP Migration spokesman, Steven Woolfe MEP comments:

"Since I have been the UKIP spokesman on Migration, along with UKIP leader Nigel Farage, I have been arguing that mass uncontrolled migration pushes down the wages of the low paid in Britain. This is not the first report which came to the same conclusion. In fact, Bank of England Governor, Mark Carney also recently accepted that unsustainable levels of migration causes wage compression some time ago.


"The Report states clearly that a 10 percentage point rise in the proportion of immigrants working in semi/unskilled services leads to a 1.88 percent reduction in pay. Government net migration numbers of over 300,000 annually, together with those that are not captured in official figures, is preventing wages rising in line with inflation for native, British workers, noticeable at the lower end of the skills classification scale. But the 'knock on' effects of this many outsiders entering the UK workforce impacts the disposable incomes of workers across the social spectrum and, with technological advances, hinders employment opportunities for British people.

"Until policymakers in this country stop being apologists for mass migration it excuses them from dealing with the consequences of a dispossessed, impoverished, UK native ‘underclass’. Successive Labour and Tory governments have been warned about this but done nothing. In fact, the real untold scandal of the migration debate is that the substitutability of immigrant labour into the UK has let our politicians off the 'social policy' hook!

"We need to take control of our migration policy, and implement an Australian-style points based immigration system which is fit for British workers and the British economy. This is now urgently needed in light of the Chancellor's announcement of a living wage, which will be a significant pull factor for many migrants within the EU and beyond to come here both legally and illegally and further negatively impact of those living in poverty in Britain."

ENDS

Editors Note:

1) Copy of the report here: http://www.bankofengland.co.uk/research/Documents/workingpapers/2015/swp574.pdf 
2) Steven has commented previously on the arguments  of one of the authors of the report Stephen Nickell here  
9 Comments
Peter Griffin
21/12/2015 18:21:17

Entirely agree.
Well said .

Reply
John D Rice
21/12/2015 18:48:46

This is the reason that most Company bosses want us to remain in the EU. Why bother training young British apprentices, when you can just dip into a pool of foreign workers who will work for lower pay and still get working tax credits to supplement their low wages.
This is why we have to get out of the EU and train our own young people to fill the skills gap that we have.
We aren't saying stop immigration, but we must have control over who we allow in. We don't need a glut of low skilled labour.
Remember, all these people need housing, the NHS and schools... we just can't cope with this madness.

Reply
Cavan Medlock
21/12/2015 18:37:53

I couldn't agree more, unlimited unskilled immigration is great for greedy big business owners like lord rose, but he doesn't care about the moral impact on british people, on housing, the nhs and schools, I blame labour for creating a benefits culture and driving people out of work.

Reply
Granville Barker
21/12/2015 18:54:49

Yes Steven
We have known this and been telling voters this for over 10 years now .. BUT , if they are Labour they simply don't want to know !

Reply
Sue
21/12/2015 21:35:55

I totally agree with the above , when will the government take notice ?

Reply
James Hadfield-Hyde link
22/12/2015 08:44:36

In this predatory world that we all live in, an open door policy leaves us vulnerable and weak to our enemies, both from out, and now from within. We have always benefitted from, and enjoyed, a constant slow trickle of ethnic diversity for the past two thousand years, but what we have now, merely creates a divided, dysfunctional society which is in danger of developing into civil disobedience, and worse. The Government's Ostrich mentality is not the answer,but UKIPs is!

Reply
June A. Van Orman
22/12/2015 13:48:27

No matter how much you delude yourself, you cannot fit anything from a gallon container into a pint container.

Reply
Y Suttaby
22/12/2015 14:11:32

the bosses and government do not listen as it is in their interests to have poorly paid people working for them

Reply
Stephen Barraclough
23/12/2015 15:36:01

With this display of their VAST (?) intellectual capabilities, the British public need have NO FURTHER FEARS about those in whose hands the banking system safely rests! (Mass Hara-Kiri?) Fancy them working to that conclusion after all this time, which we knew immediately? WHO PAYS THEIR WAGES, and why?

Reply

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