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%.
The fight in Hollywood to buy Warner Bros Discovery appears to be coming to its finale after Netflix backed away from its proposal to buy the company, clearing the way for Paramount Skydance to win a months-long takeover battle.
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