Immigration makes the rich richer and the poor poorer, no wonder the establishment class aims to slur opponents of immigration, calling them 'racist'.
| EFFECT OF IMMIGRATION | ADAM SMITH SAYS | EFFECT ON THE RICH | EFFECT ON THE POOR |
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More people want jobs
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The supply of labour increases so the cost of labour decreases.
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The cost of employing people drops. | Their wages drop. |
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More people need homes
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The demand for homes increases so the cost of homes increases.
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The value of their property increases and their rental income increases. | Their rent goes up. It's harder than ever to buy a home. |
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