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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在鹊巷村，杜耀豪（后排右三）与外祖母弟弟林木通的遗孀（前排右三）及后代。（受访者供图）

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雪上加霜的是，公司的 “第二曲线” 还崩了。