Tag Archives: Alan Greenspan

Undocumented workers

By Richard Schmitt

May 1 has come to be one of the days when the advocates of undocumented workers demonstrate their support for immigrants. It is also a day for their opponents — mostly persons who feel threatened by the job competition of the immigrants — to emphasize that the immigrants are here illegally.

Alan Greenspan, for many years the head of the Federal Reserve and now, in his retirement, the grand old man of the business elite of this country, used the occasion to declare that “illegal immigration has made a significant attribution to US economic growth by providing a flexible workforce.”

Translate that into English: businesses can pay undocumented workers very low wages. That saves them money. It also allows them to pay less to American workers because there is always a threat of being replaced by the undocumented low-wage workers. Undocumented workers have no protection from laws or from unions. You can hire and fire them at will. Continue reading Undocumented workers