Image: Wikicommons Creative Commons Attribution 2.0 Generic license./Author Parker Knight A worker paper from the Federal Reserve published this spring, ‘The Impacts of Unauthorized Immigration on U.S. Labor and Housing Markets: New Evidence from Administrative Microdata,’ found that the out-of-control surge in illegal immigration under Joe Biden drove up housing costs by approximately 30% of home-price growth, and 20% of rent growth in the average metropolitan area from March 2021 to March 2024. The paper was authored by Daniel J. Wilson and Xiaoqing Zhou. Wilson is the Vice President of Macroeconomic and Microeconomic Research at the Federal Reserve Bank of San Francisco (FRBSF). Zhou Current is the Assistant Vice President in the Research Department at the Federal Reserve Bank of Dallas. According to the report,…
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