Immigration boosts innovation and wages in the US. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. Increased immigration to the US since 1965 is estimated to have increased innovation and wages by 5%.

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FT Digital Edition: our digitised print edition

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The UK's rainfall is strongly influenced by natural variability, but the trend towards wetter winters is in line with predictions from the UK's meteorological organisation.