Overall GDP, which the Government has persistently emphasised, is an irrelevant and misleading criterion for assessing the economic impacts of immigration on the UK. The total size of an economy is not an index of prosperity. The focus of analysis should rather be on the effects of immigration on income per head of the resident population.Secondly, they argue that there's no pensions time-bomb because the retirement age can just be raised instead. Therefore, there is no need for immigration to keep enough people working to support the elderly.
...as Lord Turner of Ecchinswell pointed out in his recent lecture at the London School of Economics (LSE), arguments for high immigration to reduce the dependency ratio are usually made on the basis of figures which assume that the retirement age remains unchanged, an assumption he described as "absurd".63 Lord Turner argued that as people live longer, it is reasonable to assume that the extra years of life are divided between working years and retirement so as to keep roughly stable the proportions of life spent working and retired. Under this assumption, half of the projected increase in the dependency ratio disappears, when compared with the simplistic case in which the retirement age stays unchanged.
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We certainly eat better thanks to immigration, and an army marches on its stomach and all that.
I work long hours and a Polish cleaner makes sure my flat is tidy once a week while a nice Pakistani chap ensures that he keeps his shop open long enough for me to pick up something. Pretty much the entire low end of crappy service sector and retail jobs are taken by immigrants and those profits are going somewhere - albeit not all back into the British economy.
posted by MuffinMan at 8:06 AM on April 1, 2008