Brookings Study Links Biden Migration to Wage Drops and Rent Increases

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Recent research from the Brookings Institution has revealed that the significant influx of migrants under former President Joe Biden has had measurable effects on the U.S. economy, including a reduction in wages and a rise in housing costs. The report, released this week, details that the migration, considered the largest by a one-term president in American history, has contributed to a 1.5% decrease in average wages for all workers. However, it notes that native-born workers saw a 0.9% increase in wages, with employment rates remaining largely unchanged.

Impact on Housing Market

The influx of new immigrants has also led to a noticeable rise in housing demand, which the report attributes to a 1.4 to 1.6% increase in rents. Despite this, the report highlights that native renters experienced a net wage increase of at least 1.6%, suggesting that the overall economic impact may be more complex than initially perceived.

Brookings researchers have framed the migration as a net benefit for Americans, emphasizing that while rent prices have risen, the wage growth for native workers has outpaced these increases. The report is part of a broader series of studies examining the effects of Biden’s migration policies on the American workforce and housing market.

Broader Economic Impacts

Additional findings from the Federal Reserve Bank of Dallas indicate that mass immigration has contributed to rising housing prices, with unauthorized immigrant worker flows accounting for about 30% of the total growth in house prices and 20% of rent increases from early 2021 to early 2024.

A recent investigation by the Housing and Urban Development agency also found that Biden’s migration policies have driven up housing costs for low-income Americans who do not receive public assistance, highlighting the broader economic and social implications of large-scale immigration.

Source: Breitbart

Written by

Connor Davis