The Story of Migration’s Recessionary Bubble – When we look at the last few years of migration, we should see it as a bubble. It was never going to last very long, and was always the product of essentially transient imbalances of in costs that migrants rapidly arbitraged. We are now returning to the normal state of suburban and exurban inflows, and urban outflows. This tendency is likely to continue for some time, especially as long as immigrant fertility exceeds native fertility, and as long as immigrants disproportionately arrive in urban areas, and as long as young people and universities congregate in urban areas, and as long as urban areas remain generally governed by political regimes committed to a higher cost model of community life.
[Read full article at the Medium website]
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