Economics & Finance / Economic Theory / Labor Economics
Open Borders Don't Crash Wages? The Shocking Truth About EU Immigration
Politicians love to claim that open borders will destroy local wages. But what does the data actually say? In this deep dive, we break down a groundbreaking 2017 economic study by John Kennan that analyzed the real-world effects of EU expansion and free migration. The findings might surprise you: massive economic gains, minimal wage impact, and a powerful case for why fears of immigration are often overblown. We explore the concept of 'home attachment,' the slow pace of migration, and how capital investment naturally offsets any short-term wage pressure. If you've ever wondered whether open borders could actually work, this video lays out the hard evidence.
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