http://www.anncoulter.com/columns/2014-02-26.html
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Why were wages so high until 1968? Because that's when Teddy Kennedy's 1965 Immigration Act kicked in, bringing in about a million immigrants a year, almost 90 percent of them unskilled workers from the Third World.
Our immigration policies massively redistribute wealth from the poorest Americans to the richest. It's a basic law of economics that when the supply goes up, the price goes down. More workers means the price of their labor plummets.
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Australia has a $15 minimum wage for adults -- more than twice the U.S. minimum wage. Meanwhile, their official unemployment rate is lower than ours: 6 percent compared to 6.6 percent in the U.S. -- and that's with a lousy $7.25 minimum wage.
Sound good? Try immigrating there. Australia has some of the most restrictive immigration policies in the world. Their approach to immigration is to admit only people who will be good for Australia. (Weird!) Applicants are evaluated on a point system that gives preference to youth, English proficiency, education and skill level.
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Sounds good, but our politicians are drooling at the mouth over Mexican voters. They would rather be re-elected than ship the wage-killing illegal labor back to Mexico.
Another problem is the H-1B visas. It used to be that corporations had to invest in their own workforce (pay for their education). Now they just hire someone using the H-1B system if a candidate isn't immediately available. The law limits H-1B visas to 65,000 per year, but there are many exceptions that have shot the figure up to nearly 1,000,000 per year. That's 1,000,000 Americans per year who are not being invested in any longer.