Some more nuanced results here than "oh yes it does" or "oh no it doesnt't!"
Quote:
Despite the popular view that cutting immigration would drive up wages, multiple academic studies have found no evidence that migration significantly affects rates of pay or employment among native populations, according to Oxford university’s Migration Observatory think-tank.
Research has shown that while immigration hit lower-paid workers harder than higher-paid workers, the overall effects were tiny. A study by the Nuffield Foundation think-tank of UK immigration between 1994 and 2016 found it had reduced the hourly wage of UK-born wage earners in the bottom 20 per cent of the labour market by about 0.5p per year, while the top 10 per cent experienced a gain of 1.7p.
Jonathan Portes, professor of economics and public policy at King's College London, said: “Truck driver wages, for example, did go up after Brexit for a variety of reasons, but if you look at accommodation and food services we didn’t see rise in wages in the aggregate data, despite news stories that it did.”
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The attraction for any government is that a larger overall economy due to immigration means public sector net debt will be lower as a share of GDP than otherwise, enabling tax cuts, investment in public services or lower borrowing.
https://www.ft.com/content/5a00c171-...6-63ca292522e2