Anti-immigration campaigners say that Britain is suffering from an influx of low-skilled immigrants crowding out British workers and placing pressure on public services. Are they right?
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A new paper suggests the natural rate hypothesis is an idea past its sell-by date.
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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