Effect of Immigration on Wages Is Minimal: Lazear

The video discusses a market-oriented approach to immigration, suggesting that immigration slots should be based on occupational needs rather than family ties. It emphasizes using Department of Labor data to identify industries with high demand and wage growth. The discussion also covers the economic impact of immigration on domestic wages, political considerations, and the need for periodic review of labor market data. The video concludes with a call for policies that support long-term economic growth.

What is the significance of the Z visa proposal mentioned in the discussion?

How should the labor market data be used to assess immigration needs?

What is the suggested frequency for reviewing labor market data to inform immigration policy?