Economy on the verge of collapse: New Zealand excluded unskilled immigrants with an excuse

Economy on the verge of collapse: New Zealand excluded unskilled immigrants with an excuse

The state is putting wealthy investors first rather than low-skilled immigrants because they have realized that masses of low-skilled people have not brought real value to the economy but rather limited growth. Despite strict epidemiological restrictions, New Zealand has renewed its visa program for wealthier foreigners. The program requires an investment of at least $3 million (or $10 million over three years). If that is the case, the settlement papers will already be in place, even if state borders are closed due to the pandemic.

Migration of unskilled luxury harmful

The country’s tourism minister, Stuart Nash, said they simply cannot reopen the immigration spigot when borders reopen, as the coronavirus crisis has shown.

They have relied a lot on a low-skilled immigrant workforce, mostly on a temporary basis.

Stuart Nash highlighted that since the 1990s, immigration has accounted for 30 percent of New Zealand’s population growth.
According to the minister, companies have been able to keep wage levels low in recent decades due to the presence of a lot of unskilled immigrants who have done manual labour.

But for this reason, companies did not invest capital to increase productivity. And of course, instead of paying a fair wage to domestic servants, they worked with foreigners.

Several times in Macronome reference is made to the economic mechanism by which companies begin to build on cheap labor as a result of mass migration, ignoring investments to improve efficiency.

So the state wants to attract rich investors. New Zealand Prime Minister Jacinda Ardern previously indicated to business leaders that widespread changes to immigration rules are already underway. Ardern said

Government aims to push low-skilled immigration into the background

Towards the highly skilled so that companies can alleviate the labor shortage. The prime minister added that the coronavirus is being used to rethink and renew certain sectors of the economy.

The star of the US economy to McCronum: Mass immigration is not worth it

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Professor George Borgas at Harvard University told Macronome that low-skilled immigration is hardly paying off. A prominent economist who researches the economics of immigration does not believe that more people are needed for economic growth.

According to Borjas, economists throw their own principles when asked about immigration, and it must be said US immigration robs workers of what it gives companies. In vain, the economists only want to import labour, and instead people come and are usually not as highly trained as they should be. This places a greater burden on the natives, while immigrants may find integration not worth it.

Danish research: It would be a miracle if something positive came out of mass immigration

A recent study by academics at the University of Copenhagen showed that ethnic diversity also has a negative impact on societies as it undermines social trust. The study sought to answer the question that a “Continuous migration and the increasing ethnic diversity that accompanies it” It has a positive effect on community cohesion and stated otherwise.

The analysis was conducted by Peter Thisted Denison and Merlin Schaeffer of the University of Copenhagen and Kim Mannemar Senderskov of Aarhus University. To answer that a Continuing immigration and the corresponding increase in ethnic diversityIt had a positive effect on the cohesion of Danish society, the study found a negative result.

The researchers also studied data from 87 different previous studies, and concluded that

Ethnic diversity leads to social mistrust.

This means that while mass migration can be economically or politically beneficial to certain interest groups, it reduces social trust and cohesion. According to Summit News Publicity Officer Joseph Watson, diversity is now a meaningless belief, seemingly values ​​that only “racists” can deny, so we dare not question it or think about its true meaning.

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Funding a left-wing utopia costs a lot: Diversity is expensive

Receiving low-skilled immigrants is not only rewarding, it is also very costly for public finances,

An annual report issued by the Danish Ministry of Finance revealed that its maintenance is a burden on citizens.

The annual report of the Danish Ministry of Finance revealed that the cost in 2018 amounted to 31 billion Danish kroner ($4.8 billion), which the leader of the opposition Danish People’s Party, Christian Tholsen Dahl, called “an astronomical sum”.

Most of the money – DKK 24 billion ($3.7 billion) – is spent on migrants from MENAPT countries (Middle East, North Africa, Pakistan and Turkey), who make up 55% of “non-Western migrants”.

These immigrants cost the state 85,000 Danish kroner (roughly 4.2 million Hungarian forints) per person,

While immigrants from non-Western countries cost 1.2 million DKK per person.

In fact, the annual cost of US$4.8 billion is down compared to previous years, thanks to Denmark’s shift to a tough immigration policy and attempts to eradicate immigrant neighbourhoods, too. But it is too late for immigrants to take huge sums of money from their budgets.

New Zealand on the new roads

Although domestic opposition is moving from extremism to extremism – see support for the 2015 immigrant wave and then Markie Z.’s anti-immigrant campaign –

New Zealand is trying to find the golden mean.

In fact, it may be very effective for a country to invite professionals who are really wanted as guest workers for a transitional period and from a similar cultural background. Or maybe a country is attracting people who are richer than they are, with capital, investment, companies, international experience and hopefully higher value-added jobs.

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In the spirit of New Zealand, it is doing the same as Hungary with its settlement bond program – the latter has also been attacked by opposition on all fronts, as it would have facilitated the mass migration of the unskilled.

Incidentally, even the Hungarian-Palestinian founder of the Pizza King restaurant chain, Melhem Saad, told Macronum that it was a complete failure, at least meeting confused, implicated in crime, dissatisfied, with poor work ethic, when he tried to lead 2015 with his initial enthusiasm. To give jobs to those who arrive in all waves. In the end, immigrants who turned out to be unfit to work told the Arab CEO that “Hungary is a pipe country,” Melhem Saad recalls.

Hungarian Settlement Bond Program By the end of 2017, 250-300 thousand euros had to be invested for the Hungarian residence permit, although in the Hungarian model the state received funding here, while in New Zealand foreigners can also invest in the private sector, and it seems that there is more They are waiting and trying to focus more on the elite of international entrepreneurs, as there are so far a few hundred people who can obtain a residence permit in this way.

By August 2021, for example, Google co-founder Larry Page had received permission to settle. Peter Thiel, the founder of Paypal, became a New Zealand citizen as early as 2011.

New to the richest in the world fancy Moreover, once they become locals, they also buy land in the island nation and build bunkers to survive for themselves, because research suggests that given the country’s wealth, it could be a great place to survive in the apocalypse.

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